“Move over, Janet Yellen and Ben Bernanke. Step aside, Mario Draghi and Haruhiko Kuroda. When it comes to monetary stimulus, Zhou Xiaochuan, the longtime governor of the People’s Bank of China, has no rivals. The latest data show that the country’s rapid growth in money supply has continued. Mr. Zhou and his colleagues at the Chinese central bank have only begun the difficult and dangerous task of reining it in. The amount of money sloshing around China’s economy, according to a broad measure that is closely watched here, has now tripled since the end of 2006. Housing prices have soared, feeding fears of a bubble while leaving many ordinary Chinese feeling poor and left out.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
A Ghost Army of Workers Is Paid to Do Nothing in the Gulf
Peter Schiff v. Larry Kudlow: What Gold's Drop Signals for America's Future
Police Shoot, Kill Dog When Going To A Home By Mistake
Underground — And Illegal — NYC Dinner Parties
Treasury Quietly Warns: 'Expect Debt Limit to Be Reached Near End of 2012'
Montana lawmaker asks to be paid in gold
More Car Loans Than Mortgages in U.S.
Inside Hong Kong's biggest Bitcoin mine
World shipping crisis threatens German dominance as Greeks win long game
Afghan president: U.S. special forces creating ‘insecurity and instability’
Mass escape from Brazilian prison after women seduce guards
‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise [2014]
World's Nicest Traffic Cop Has Issued 25,000 Tickets With Zero Complaints
Indiana man argues his constitutional right to flip off police
New California Water Law Restricts Individuals To 55 Gallons Per Day By 2022