Mish's Global Economic Trend Analysis Thu 2009-10-08 15:29 EDT
Competitive Currency Debasement - A Look at Rampant Monetary Expansion In China
The Chinese central banks' printing and respective Chinese bank lending make us look like amateurs. Chinese central bank assets and the money supply are up 25-26% annualized YTD...nearly everyone is absolutely sure the Renminbi would soar if China allowed it to float. Conceivably it could crash...Neither the G-20 nor G-7 did anything to address the massive global imbalances. Something critical is going to blow sky high, when and what remains to be seen.
China; Competitive Currency Debasement; looking; Mish's Global Economic Trend Analysis; Rampant Monetary Expansion.