January 30, 2009

Economic Stimulus Package


Today I read the newspaper The Christian Science Monitor and this caught my attention. The illustration clearly show those sectors the $817 billions distribute to.

I don't know how American government could generate this huge amount of money other than printing more bills in order to rescue this economic crisis but I do understand government must do some remedy to pull up a little bit the worsened economy.

The huge tax cut would benefit most of the Americans in the coming tax season, especially for many unemployed people it is somehow helpful for their temporary cash shortage problem.

As to the world currency, that is such another topic to watch. Will US dollar be depreciated soon? And will gold price be arising continuously as investors' security hedge in such a shaking crisis period?

As to Jim Rogers talking about euro won't be around in 20 years, that is a serious thing to consider for our investment sake...

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