Now, a clear reading on recovery:WashPost,7/31/09

Washington Post,July 31, 2009 on page A19:

GDP Data will settle whether positive signs elsewhere add up to progress.

Photo: Consumer spending figures are a key part of the GDP report. Consumers account for around two-thirds of total economic activity. Such data are included as a yardstick of economics in action in USA and in China via serendipity.(sic) Coincidence through educated guesstimates at best since 1980s?

Comment: Human behavior is relative to consumer spending. Let us examine the lifestyle,custom and tradition of Americans and Chinese and we can have some kind of inklings for Sino-American Economics in the years ahead in the 21st century.

Francis Shieh a.k.a. Xie Shhao, an observer of economics in action. July 31, 2009