Howdy?!

Man, its been a while since I wrote on this blog. I've been very busy with all the office work, and all that some some. Unpredictably, the US crisis has struck the world financial market severly. Dowjones now remains at 8000 level, fed fund rate has droped to 0.1% (lowest ever?), jobless claim has gone up, GM, daimlerchrysler, subaru, what not is on their way to job cut. And what happened in Indonesia? Rupiah touched 13000 level, and JCI touch 1100 level. Dear God!.. what has america done to the world? What's more interesting is what's going on with Bernard Madoff!? NOw everyone knows that with his case, the Financial Market needs to be highly regulated. Thank God that our ideas to freeing the financial market, especially the FX market, is no longer seen. Stiglitz is right at the first place! Financial market is highly volatile, and it needs to be regulated. The slow rise of the financial market from the current crash is the proof that liberalized market is very vulnarable and shaky. Chinese market where its closed and highly regulated, is one example that remains strong, and stood still.
Talk again later