We are all in this together

Today we have the classic English weather in London, for one moment, it is a sunny day with blue sky and white clouds, for another moment, the clounds thickens and the sky is covered with dark clouds. It reflects the mood in the financial market in the last three months, swining between optimistic and pessimistic. But it seems there is one sure thing, it is a global market and global crisis and we are all in this together.

The central bank in China made a surprise move today by lowering the capital reserve requirement. Actually if you have been reading the news on Chinese website, you should not be too surprised. Both export and manufacturing index has dipped to a three year low, and the property market is showing sign of cooling down. The government, which will face the transition to the next generation leaders, face a real challenge of keeping the growth. Social unrest is spreading, and they know social stability is the key to keep them in power.

It is an interesting world we live in. Europe has the most enviable life style, but the idea of one great union seems to have gone out fashion now given the reality just does not add up. The America model seems to lack the human feeling and need at the core. The Chinese, contemplating on the recent success, also knows disasters are never far away from feeling complacent.

We are all in this together, searching for the better solutions to the world problems, there is no magic pill - hopefully the lawmakers will learn more from this lesson as when recession hits, people at the bottom are hit most.