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Posts by "qingyu"
2859 Posts Total by "qingyu":
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Posts by Anonymous "qingyu":
i dont hate british or britain, i love britain. without the great industry revolution, the world would still in dark age. and by latest history study, britain is the only country have chance to lead the industry revolution. in fact everyone should thanks the Queen Elizabeth I.
be honest, many victims still not feel satisfied for uk payback. "look at british museum", my greek uni mate said that. uk not even pay the interest.
http://www.reuters.com/article/idUSPEK27908420080917
the latest news is zhaolianhai who against government was arrested by police. i told my friend in china sent several thousands RMB to his wife and children. and this case currently called "赵氏孤儿" which have same name with latest chinese movie.
china population still under control, rich people spend several thousands usd to give their children birth in us.
china no plan to increase people income, instead they try to create new tax of property.
china is planning create something like food stamp for low income families.
china control people buy milk powder/iphone/... from foreign country, even chinese milk powder kill thousands baby.
you want to know "truth" or "evil", here it is.
More fundamentally, market forces, not monetary policy, are pushing global rebalancing, as the private sector tries to put its money where it sees the opportunities. The Feds monetary policies merely add a twist. Instead of all the futile bleating, what was needed was a co-ordinated appreciation of the the currencies of the emerging economies. The fault here does not lie with the US. I sympathise strongly with a Brazil or a South Africa, but not with China.
The sky is not falling. But this does not mean the Feds policies are the best possible. It is probable that any impact on the yields on medium-term bonds will have a modest economic effect. It would be far better if the Fed could shift inflation expectations upwards, by issuing a commitment to offset a prolonged period of below-target inflation with one of above-target inflation. A decision to monetise additional government spending might be an even more effective tool. Equally necessary is a plan to accelerate the restructuring of the overhang of excessive debt. But, in the absence of co-operation with the newly elected Congress, what the Fed is doing is, alas, about the most we can now expect, though it should have dared to do more. Meanwhile, sound people will shriek that the sky is falling only to be surprised that it is not. We have seen this play before in Japan in the 1990s. Japan fell into chronic deflation, instead.
Yes, it may be reasonable to call for a reconsideration of the global monetary system, as Robert Zoellick, the World Bank president, has done. But does anyone expect politicians to say that while they are sorry about this slump, they must first placate the worlds most speculative commodity market? Whom the gods wish to destroy they first make mad.