Just watch over Mr Ricky Wong 's briefing in ATV.
http://hk.youtube.com/watch?v=3RYSW2Xe4pg&feature=channel
few thoughts :
1. Why Linus supplement ? Ricky 's too aggressive and we should sense that they have different visions ?
2. If you work in ATV , do you buy in Ricky ?
3. He mentioned that he doesnt know TV production. How can he change the culture even he doesnt know how to do a better TV series. He doesnt even watch 珠光寶氣.
4. Change is a magic word. Every COE /manager uses it.
Hilarious version:
Wednesday, December 17, 2008
Monday, November 17, 2008
Liquidity Trap?
Are we facing liquidity traps ? US keeps injects money by lowering the target rate but banks are not willing to lend. Is it Paulson discovered the problem and call off the TARP ?
How about fiscal policy ?
It has been suggested that the Japanese economy in the 1990s suffered from a "liquidity trap" scenario.This diagnosis prompted increased government spending and large budget deficits as a remedy. The failure of these measures to help the economy recover, combined with an explosion in the Japanese public debt suggest that such a fiscal policy, may not have been adequate. (Much of the government spending followed a stop/go pattern and involved spending on unneeded infrastructure.)
Paul Krugman suggests that what was needed was a central bank commitment to steady positive monetary growth, which would encourage inflationary expectations and lower expected real interest rates, which would stimulate spending.
How ? change from implicit monetary policy to target inflationary policy and keep interest rate for a extensive period ? or huge fiscal stimulus ? Let 's wait and see.
http://krugman.blogs.nytimes.com/2008/11/15/macro-policy-in-a-liquidity-trap-wonkish/
http://web.mit.edu/krugman/www/jpage.html
How about fiscal policy ?
It has been suggested that the Japanese economy in the 1990s suffered from a "liquidity trap" scenario.This diagnosis prompted increased government spending and large budget deficits as a remedy. The failure of these measures to help the economy recover, combined with an explosion in the Japanese public debt suggest that such a fiscal policy, may not have been adequate. (Much of the government spending followed a stop/go pattern and involved spending on unneeded infrastructure.)
Paul Krugman suggests that what was needed was a central bank commitment to steady positive monetary growth, which would encourage inflationary expectations and lower expected real interest rates, which would stimulate spending.
How ? change from implicit monetary policy to target inflationary policy and keep interest rate for a extensive period ? or huge fiscal stimulus ? Let 's wait and see.
http://krugman.blogs.nytimes.com/2008/11/15/macro-policy-in-a-liquidity-trap-wonkish/
http://web.mit.edu/krugman/www/jpage.html
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