http://news.bbc.co.uk/2/hi/business/7958501.stm
It is a good move for the Obama administration to launch the trillion dollar plan to buy toxic assets jointly with private investors by giving them a lot of inducements. There is also the welcoming news that China has pledged to continue her acquisition of US Treasury bonds despite adverse comments on China's worries over those bonds by the Chinese Prime Minister Yun Jar Bao earlier.
While commending the Obama administration on the above move I must also a sound the warning of avoiding too much expectation and complacency in counting on an early return to normalcy in the global financial market because there are still numerous obstacles to be overcome on the road to full recovery.
The trillion $ trick as I call it has still a few pitfalls although it is a positive measure in the right direction.
Monday, March 23, 2009
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