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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
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Ashraf
"..Passive is less than active, active is less than active plus a cut on excess reserves, which is less than QE3.."
current problem of US is "job", they need to bring their "job" back, or make chinese spend more buy more in US to create new "job".
convinced China to continue to buy US treasuries. UST are safer then Eur dominated bonds.
Even Russia buys UST . In summary there is no reason for QE3. There may be other means of easing.
Ashraf