The election of a republican to U.S Senator is an indication about the anger and frustration in America. People felt they were being treated unfairly. Some examples: 1. Bailout for the irresponsible parties, whether they are big banks or irresponsible homeowners. 2. Low interest rate punish savers and seniors while favour spenders. 3. Inside and closed door dealing of legislation which smell corruptions. My concern is Obama will have a more populist agenda by tax more on banks.
China is tightening bank lending. I do doubt on soft landing.
Earning in IBM and most banks are good or fair.
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