Tuesday, August 25, 2009

Leadership is easy...

Leadership is easy when you have no choice. I just saw a news flash that Obama is going to nominate Bernanke for a second term. Imagine what it would be like if he didn't. A few months back, the Chinese injected billions into their economy because of the global financial crisis. Do you think they had a choice? They didn't. They just had to do it and worry about the consequences later. Now Wen Jiabao continues to worry publicly. Andy Xie is calling for the bubble in China to pop and his track record for calling these things has been quite good.

Asian stock markets have some, may be much to give up before they can be reclaimed again....

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