"The Descent of Finance" by Niall Ferguson, Professor of History and Business at Harvard Business School.
Page 58: "Economic models in mathematics failed badly i.e. it would be realistic to have visions of human behavior which is irrational at best. I sent my blogs to the same in the past for your reference."
Page 78 : The End of Rational Economics. by an author who is a behavioral economist. Human behavior can hardly be measured and such assumptions are to be abandoned or rejected to be found in my blogs.
Page 46:" International Economic Order: China's GDP in 2013 is half of the US., in 2006 it was ony one fifth as big. The US$ has halved in value against the Chinese Yuan (RMB) following a Russo-Chinese initiatives to replace the greenback as the international reserve currency with IMF's SDR pronounced as "Sadders" Oil is priced in SDR.(sic)"
US$ is and still will be international business currency from the past tradition with future prospects as I would envision in the years to come.
Goldman Sachs predicted that China's GDP might equal that of the US by 2027.
Predictions must be proven by empirical evidence as years go by.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 but still a learner to study Sino-Economics in action to share thoughts with online readers.
July 5, 2009 at 1.38 p.m.
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