Europe is more concerned by Nobel Laureate

Paul Krugman is starting to point finger to European Leaders, blaming them hadn't yet realized the severity of current crisis. He mentioned, most of economists including him, had argued that the Obama administration's stimulus plan was too small, given the depth of the crisis. But America's actions dwarf anything the Europeans are doing.

Paul believed the poor leadership is part of the problem, while the deeper side might be the structural shortfalls of the Euro Integration. True or not, we will see.

Global Downtown, big gift for China

Downtown, to some degree, a disaster for most countries in the world, means a god-given chance to grow into an even stronger economic competitor than it was before the crisis.

The global slowdown is also doing some things that Chinese authorities had tried and failed to do for four years: slow inflation, reverse what had been an ever-growing dependence on exports and pop a real estate bubble before it could grow even bigger. From this angle, this economic slowdown is gift for China.