tag:blogger.com,1999:blog-2611021408437270881.post1317573042105892785..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Feldstein on InflationIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2611021408437270881.post-49003713509345869092009-05-09T11:47:00.000-07:002009-05-09T11:47:00.000-07:00From the Telegraph:
"As more and more economies ...From the Telegraph:<br /><br /><A HREF="http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5286832/China-fears-bond-crisis-as-it-slams-quantitative-easing.html" REL="nofollow"> "As more and more economies are adopting unconventional monetary policies, such as quantitative easing (QE), major currencies' devaluation risks may rise," it said. The bank fears a "big consolidation" in the bond markets, clearly anxious that interest yields will surge as western states try to exit their QE experiment.<br /><br />Simon Derrick, currency chief at the Bank of New York Mellon, said the report is the latest sign that China is losing patience with the US and aims to diversify part its $1.95 trillion (£1.3 trillion) foreign reserves away from US Treasuries and other dollar securities.<br /><br />"There is a significant shift taking place in China. They are concerned about the stability of the global financial system so they are not going to sell US bonds they already have. But they are still accumulating $40bn of fresh reserves each month, and they are going to be much more careful where they invest it," he said.</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-56443772520100928652009-05-08T08:39:00.000-07:002009-05-08T08:39:00.000-07:00Feldstein is so smart...
The 30% commodity fall.....Feldstein is so smart...<br /><br />The 30% commodity fall... yup...<br /><br />It must make Chairman Bernanke shudder when he reads Professor Feldstein... cause he knows he is right and that he is dragging our nation down a dangerous path... <br /><br />What kind of brakes you got ZimBen? You have an awfully big printing press... but have you got an equally big vacuum?Anonymousnoreply@blogger.com