http://www.telegraph.co.uk/finance/b...ebauchery.html
The markets' recent optimism and Beijing's fears may have the same origin. The abundant money the Anglo-Saxon central banks have been printing has not held down government bond yields but does seem to have given life to equity markets and the prices of other risky assets.
But if these markets fall, the positive impact of the printed money will also evaporate. Another bubble blown by money creation will have burst. Only recession and debt would remain. The Chinese are right to be concerned.
But if these markets fall, the positive impact of the printed money will also evaporate. Another bubble blown by money creation will have burst. Only recession and debt would remain. The Chinese are right to be concerned.
