New York is no Washington, but it doesn't make us less exctied about the inauguration

The post I wrote last night in complete outrage looks funny to me now. Jeez

Today was the first day of classes; it was, surprisingly, very very enjoyable. First thing in the morning, I had financial economics which I learn about risk management, derivatives, and valuations in the stock and bond markets. The information I figured is something I could get off of Wiki, but it's good to learn it in class I guess. Big event today - Obama's inauguration. "We are ready to LEAD once again" and while Obama was stepping on the BLUE carpet, taking his oath to become the 44th president of the United States, the stock market plummeted. Citibank lost 20% of its share - its price got down from 100 to 2.80 in a span of 4 months. Banks in Sweden lost 65% of its company's worth, making today one of the worst days in the stock market. Some blamed it on Obama (he's supposed to walk on water but not a blue carpet, isn't he?). For those who blamed it on Obama is probably not aware of the fact that leaders in our country, as much as they would want to perform miracles, cannnot really just break 5 loaves of bread and 2 fish to feed our entire nation. Banks fail because of their defected loaning system. Consequently, the stock markets went down the drain with these irresponsible financial intermediaries. But, in all honesty, how does that have to do with a newly elected president? As a matter of fact, polls show Obama's getting support from 85% of the population, I would expect the stock market to go up instead of castatrophically plummaged in an hour. What on earth is happening to our economy? After the Great Depression, FDR ousted the notorious Truman and set up a series of stumulus projects and plans to trigger GROWTH. But my fellow Americans, how are we supposed to make this country grow once again? Is there even room for it to grow? Back in the 1930s, in the midst of all the financial turmoils, the eletrical and fuel industries thrived. Many construction plans were made to increase government spending and lower unemployment rate. This day, outsourcing is inevitable due to globalization, the consumer market is plateauing and dominated by monopolies, cost of labor is making all businesses sigh and shake their heads. A new direction. America needs a booming industry that has potential to grow exponentially in the next couple of years and will stay burgeoning. What is that industry is the question that a lot of investors have on their minds. Healthcare? renewable energy? Fuel? Microlending/Microfinance? Sustainability? Biomedical?

Corporate finance, although seems very tough and is basically a graduate level MBA class, is going to be useful in a long run. Global economy, taught by Sunil Gulati, one of the top 20 economists in the world, is simply amazing. I am looking forward to going to class and listening to my professors. Man, this has made life so much more interesting!

After class, my friend made me pasta salad and went to the gym after. It was a good day, a good start. I am happy.