Friday, November 26, 2010

FOTD

. Friday, November 26, 2010

But despite its best efforts, the Fed has only succeeded in raising America’s broad money supply (as measured by seasonally-adjusted M2) to about $8.8 trillion. China’s central bankers, on the other hand, have increased China’s M2 to almost 70 trillion yuan, or $10.5 trillion. As Mr Kroeber points out, China has a greater quantity of money circulating in an economy a third of the size. Who is calling whom easy?


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