It is gonna take time, patience and plenty of money.

I got my mind set on you

I got my mind set on you

But its gonna take money

A whole lotta spending money

Its gonna take plenty of money

To do it right child

Its gonna take time

A whole lot of precious time

Its gonna take patience and time, ummm

To do it, to do it, to do it, to do it, to do it,

To do it right child

"Got My Mind Set on You" by George Harrison

(This song which was originally recorded in 1962 and made popular again by former Beatles George Harrison reached number one on the BillBoard Hot 100 in January 1988).

Isn't it ironic ? Does this song sounds familiar to what the governments around the world (especially the US) are doing right now to fix their broken economy? What are we gonna expect from it? Well, it is gonna take time, patience and plenty of money. That's for sure!!!

* Source: "Its gonna take time and money" Refer here.

* Now to the Senate. House approves the USD14b US automakers bailout.

* Bloomberg: South Korea cuts benchmark interest rate to 3% from 4%, a record low, amid slowdown.

* BT: JP Morgan: Time to buy battered stocks as the global financial crisis is expected to retreat by the 2nd half of next year.

* DailyFx: Fed fund futures are now pricing more than 90% that Fed will cut rate to 0.25% from 1% in the coming last meeting for the year next Tuesday.

* ChinaDaily: China's November inflation falls to 2.4% (October 4%) while PPI is at 2% (October 6.6%). Meanwhile, China's exports and FDI both fell in November due to shrinking demand from overseas. Some economists are beginning to worry about deflationary effects due to prolong dampening prices due to over supply of goods in the market, reduction of money supply M2 and growing inability for loans to be paid by borrowers.