A Chinese View Of QE3

…”It will plunge the country’s economy into a long-term recession, create reliance on loose monetary policy and expansionary fiscal policy, and lead to a rising debt burden and increased credit risks,” Dagong said…

http://news.xinhuanet.com/english/business/2012-09/28/c_123772151.htm

Translation: You’ll have to sell your bonds elsewhere.  Thanks to Jawara for the above link.

Comments

  1. One of the 99% says:

    Sounds like Dagong and Dr. Warren may have been talking.

  2. They have certainly reached the same conclusion.

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