Thursday, May 28, 2009

The Washington Times,May 28, 2009

Page A2:

White House plans to nominate Miguel H. Diaz, the Cuban American,the professor of theology ad St.John's University for the top job at the Vatican. Pope would welcome such disciple from the sheep as members of the Mystical Body.

Page A12:

Secretary of Treasury Tim Geithner to focus on trade in China next week: High level talks designed to strengthen the ties between USA and China. Such objectives are Sino-American Economics in evidence under Political Economy.

With China holding much of the US debt, Geithner is not in a position to bargain, economists say and I concur. Who would call the shots? Debtor or Creditor?

Danial Mitchell, a senior economist with the Cato Institute said: "The US has become the Argentina of industralized world, with our reckless monetary policy and irresponsible fiscal policy." That is Macro-Economics that I taught for 4 decades+ in USA and in China as well.

Mr. Prasad, a global economist said: "US and China have become locked in a fairly tight embrace, and this embrace is going to become tighter over time." Such is love of two nations.(sic)I could not disagree with more as I sent my prior blogs.

Geithner will deliver a speech at Beda next week apropos of Sino-American Economics in the real world from the official high-level policy maker's decision.

Francis Shieh aka Xie Shihao,a lifelong student of economics since early 1940s at St.John's University. At 3.12 p.m.

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