World Economics

I've always had a general fascination with economics so much so that I took two introductory classes in collage: Macro and Micro Economics. I found it amazing that if ALL the correct principals are put together it is possible for a company or a country to be successful in a local or global economy. I emphasize all because that is the key it requires an mind broad enough to remember to consider all the variable and possible influences on the relevant economy. Ultimately this is why I never perused a career as an antrapanuer or any otherwise economy based career I felt myself lacking in this area. I now find myself wondering if I sold my self short because there are many others who have made a living in making economic advice but do not have a broad enough horizon of thought to adequately consider the important variables or influences on the economy. There is a great article in the Wall street Journal illustrating this point. It explains how Chinas push to make a strong entry into the world market sacrificed its local economy and now as we move into a recession or perhaps even a depression China may not have the local financial support to keep itself afloat.

The China Growth Fantasy - By YASHENG HUANG From Wall Street Journal Asia.
Remember the hype about "decoupling"? Not so long ago, Western analysts -- in particular investment-bank economists -- were peddling the idea that China had become a powerful economic center of its own, able not only to drive its own growth independent of the United States but also to power the global economy forward.

To the extent that these Wall Street economists are still employed, few would make that argument now. The economic numbers emerging out of China are sobering. Exports, still the backbone of the economy, are contracting for the first time in seven years, according to the latest data. They're being driven down by slackening demand overseas. Even worse is the sharp decline of imports, a sure sign of falling domestic demand. These two developments taken together signal monumental economic challenges ahead. Clearly China is not bucking global trends.

Entire article on the Wall Street Journal web site http://online.wsj.com/article/SB122988679995424611.html

New reality of Terorism

It used to be the term terrorist brought to mind some thug with and AK and a bomb attached to a vest. This picture no longer represents the modern terrorist this is an antiquated vision the AK represents a by gone era of war fair and the vest a suggestion that at the wearer will die even if no one else does. This picture implies one person who usually with out any plans simply tries to make his way in to a populated area for greater casualties and has had little more planning than this. Terrorism is no longer this simple and as such we can no longer expect to be able to sit our selves in a glass house, shut our eyes and pretend people do not exist out side who are watching us and planning our demise. What I'm I talking about am I just some paranoid freak? Well maybe but the happenings in Mumbai over the thanksgiving weekend illustrates to us what terrorism is becoming, its sophisticated, its well planed out, it is calculated, it is trained, it is timed, it is well funded and they are getting better. We cannot simply hide from it any more this evil has to be sought out and killed or it will come and kill us. Doubt me, I bet vacationers and residents of Mumbia doubted this fact and learned just how intolerant and desperate terrorists are to SEEK out people who are different from them and kill them. It is a hard lesson to learn some refuse to learn it til there dying breath.

Think I'm exaggerating judge for yourself read of the Mumbai attack and seriously tell me this was not well planed, funded and a deliberate effort to find, kill and victimise with no remorse.

"The Mumbai attack is uniquely different from past terror strikes carried out by Islamic terrorists. Instead of one or more bombings at distinct sites, the Mumbai attackers struck throughout the city using military tactics. Instead of one or more bombings carried out over a short period of time, Mumbai is entering its third day of crisis."

Read the entire account here http://www.longwarjournal.org/archives/2008/11/analysis_mumbai_atta.php