Andy Xie’s right on the mark
Andy Xie wrote a good article on the currency war ahead and its implications.
“If you print a trillion, I’ll print a trillion” – and other instances of behavior leading the world toward high inflation and political instability”
“The world seems on course to another crisis in 2012.
The same people who caused the last crisis are still in charge. They’ll get us into another. Iceland is taking its ex-prime minister to court for causing the banking crisis. Worse fates await the people who are causing the next crisis. China used to chop off the heads of its failing ministers at the capital’s vegetable market. Maybe we should bring back the practice and globalize it.”
QE: The Numberless Oblivion
Entry filed under: Watch your step.