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Yan Song's Blog – March 2009 Archive (2)

The Great Systemic Collapse and Opportunity

Has the stock market bottomed yet? When the unemployment rate stop going up? We are in the greatest economic crisis since the Great Depression. Most economists recognize these days that it’s not just a matter of balancing the incomes of the major participants in our economy as typical recessions are. We are dealing with re-structuring the balance sheet of our whole economy, writing off assets that have grown superfluous and creating new ones that never existed before. Run-of-the-mill… Continue

Added by Yan Song on March 8, 2009 at 7:00pm — No Comments

Let the Journey Begin

Well, Obama has certainly risen to the occasion by laying out a bold vision with a fat check in his new budget proposal. As expected, political pundits on the right and the left couldn’t make much sense of it and many of them are concerned or even scared of its big deficit spending.

The fiscal conservatives could stomach neither the big bet on a “green” future nor the tax policies favoring social equity between the rich and the poor. It was the same outcry that we heard when Obama… Continue

Added by Yan Song on March 1, 2009 at 7:00pm — No Comments

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