January 22, 2008
world relevance
Unrelated thought of the day: for all this talk about the decline of America in the world today, I find the world looking to the US' Federal Bank and markets for guidance amusing. It was only after the rate cut did the European markets recover. Even mighty Asia, which was supposedly less dependent on the US economy, rolled over this week (The Hang Seng index lost ~12% just this week!) The Hang Seng seems to be responding well this morning with a 5% gain ... good for them.
Guess we're still at the center of the world. This bodes well for my backup plan in case I fail to woo a girl here in the States: travel around Korea with my passport around my neck. There's gotta be some takers over there.
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SuperSunJ
HK1997