2010-10-27

Andy Xie warns on QE2

Emerging economies need a fresh spray of capital controls and higher interest rates – because hot money inflows are about to go from boiling to molten


The conclusion:
The international community should give up on influencing the U.S. on what it would do. It will do what it will, driven by its domestic politics, even though its actions seem like madness to others. The U.S. starts to make sense when it first throws the people who caused the last bubble into jail rather than desperately searches for some quick fix.
Emerging economies, save yourselves!
There's a lot in between worth reading.

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