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.

Posted by roy on January 22, 2008 at 10:55 PM in Finances | 2 Comments

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Comment posted on January 23rd, 2008 at 09:15 AM
Because for all the bravado of other nations, nearly every country is heavily integrated into the mighty American economy. If we succeed, everyone else grows and prospers. If we fall, we take everyone else along with us (or if everyone else is strong, they catch us and pull us back from the brink).
Comment posted on January 22nd, 2008 at 11:22 PM
the same goes for the northern parts of Canada. The girls there look totally Korean.