Chinese, European Bankers Won’t Dance With The Fed [View article]
That the West is awash in fiat currencies is demonstrated by the fact that the only meaningful salvation CAN come from Asia and the Middle East. Everything else is simply domestic fiat once removed. Ben is blustering and everyone is assuming big cuts but he knows that would let the inflation cat out of the bag. He's between letting the deflation occur or risking stagflation.
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That the West is awash in fiat currencies is demonstrated by the fact that the only meaningful salvation CAN come from Asia and the Middle East. Everything else is simply domestic fiat once removed. Ben is blustering and everyone is assuming big cuts but he knows that would let the inflation cat out of the bag. He's between letting the deflation occur or risking stagflation.
Jan 17 12:37 pm
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All Comments by David Roskoph »Chinese, European Bankers Won’t Dance With The Fed [View article]