Change is Welcome

This world is experiencing a big change thanks to the global financial crisis. For 25 years, US consumption was driving the global markets, the US resident could live lavishly on large pools of credit just because bankers began to believe that real estate prices only go up and interest rates always stay down. So the excesses became fatal. Things will realign, balance out, redistribute. Bye bye Hayek, welcome back Keynes? Making money by speculating with others' won't quite be as lucrative as it was. For one who has his little savings all in the form of demand/term deposits, I am untouched by the current market crashes, and sort of feel like saying, "See, I told you so".

3 weeks later, the US will see its presidential election. Obama is like a wave (as my sister suggests). Hope he has the same energy he's maintained the past 2 years when he enters the white house. After Bush, anyone would be a pleasant sighting on the global hot seat, and this person will touch all our lives in hopefully positive ways. What touched me was Obama's attitude: his supreme confidence and deep belief that he is an agent for change. He'll win against all odds. It's amazing to see, when faith is true and deep, it shakes everyone elses faith and makes them believe in yours.