Success failure is all about US

In chinese, we would say 成也老美，败也老美。

They like to spend a lot, buying lots of stuff, we export goods to them. We keep them happy, and our own wallet happy. They keep borrowing, housing bubble and sub prime problem. We buy the CDO which finance the sub prime loan.

Now, the bubble bursted, it drag all of us down. US, Europe, Asia, everywhere. Who is going to clean this up? Fed would cut the interest rate to keep everybody happy. This is to prolong the bubble's life and wait for the next disaster.

Having said that, a rate cut is necessary to restore some confidence. At least, they are showed they are doing something.

Let's pray for the storm to be over...