The U.S. is losing two wars with China - on the budget deficit and the trade deficit - and QE2...

|By:, SA News Editor

The U.S. is losing two wars with China - on the budget deficit and the trade deficit - and QE2 is the action the U.S. is taking to shift the battlefield, Dick Bove says. He's skeptical, though, that Bernanke can spur credit creation without the help of the banking system.