Finally, China’s Alan Greenspan Speaks Out
Submitted by PandaHedge
Finally, China’s Alan Greenspan speaks out
Submitted by PandaHedge
Finally, China’s Alan Greenspan speaks out
Submitted by Jeff Thomas via InternationalMan.com,
No one is very concerned about inflation right now and that’s understandable.
Although inflation exists in some sectors of the economy, the present subject of discussion is deflation. Any depression is inherently deflationary since spending is curtailed, which drives prices down.
ALL of the so called, “economic recovery” that began in 2009 has been based on the Central Banks’ abilities to rein in the collapse.
The first round of interventions (2007-early 2009) was performed in the name of saving the system. The second round (2010-2012) was done because it was generally believed that the first round hadn’t completed the task of getting the world back to recovery.
Submitted by Jim Quinn via The Burning Platform blog,
China is upset with “speculators.”
You see it’s not that China’s economy is “landing hard” and it’s not that a massive yuan devaluation is almost a foregone conclusion. No, it’s that “manipulators,” “speculators,” financial “predators,” and all sorts of other nefarious foreign meddlers are colluding to destabilize the country’s economy and financial markets for personal gain.