Page A1: Banks still set on large losses from bad assets. A rise in productivity would be a potentially positive mark on the economic record.
All the works in 1970s are designed to enhance productivity via education and training such as "Keys for Economic Understanding" et al.www.Amazon.com for reference.
Page A4: Secretary of State Nominee Hillary Clinton calls "smart power," including economic agreements and social development (i.e. economic development for American society) that invests in our common humanity."
China is dedicated to serve the best interest of humanity. Here is Sino-American economics with common ground.
Page A17: "The Fed pumps money into the economy by buying Treasurys with checks written on thin air. The Treasury quickly sends on huge ongoing expenses of a trillion dollar deficits. Recipients of its spending put the money into bank accounts and presto, the money comes right back to the Treasury to financing yet more government spending." Mr. Melloan wrote. Such operations are most intriguing to the outsiders.It is a wonderful show to the audience in the world.
"Keynesians were banished in the 1980s by Reaganomics but made a comback years ago and again control US levers of power." The former deputy editor of Wall Street Journal editorial page said.
WSJ,January 12, 2009: Page C2: China opens Bond Market.
Shanghai - Foreign banks are allowed to trade and underwrite corporate bonds via interbank market. Let us rack our brains as hyperbole with humor("Jiao jin nao zhi" in Pin Yin)to understand Sino-American Economics with ease.
Francis Shieh a.k.a. Xie Shihao,a student of economics in action.
Tuesday,January 13, 2009 at 3.06 p.m.
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