Originally Posted by roadkill

There's a possibility that China's economists are less ideologically driven than those in the US.

China is probably more scared of possible civil unrest. As to ideology, I'd like someone to explain to me which "ideology" you think the Fed & Treasury are exhibiting...

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The way I read it, QE2 should have been part of QE1. It is now too little and too late. Because the "wow, we're gonna fix this" factor has dissipated, it is also likely to be ineffective.

QE1 and 2 have been/will be, in all likeyhood, ineffective in restoring US consumer demand. But QE1 had the primary objective of saving the banking system and that, it did achieve.

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That's all very well, but I doubt whether a slick marketing campaign from a Wall Street bank would see Chinese taking out mortgages that are doomed to fail, so as to buy property whose skyrocketing price has become ridiculous.

Given the on-going property boom in China on the back of some crzy forced lending driven by the Chinese Central Bank, this is a really inappropriate comment.

It just goes to show how easy it is to pick Ponzi schemes after they collapsed and laugh while thinking you'd do better...

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Originally Posted by Gilles de Rais

As some American economist pointed out - Given China's own currency manipulation and Germany's trade surplus, the hypocrisy of them complaining is so thick you could cut it with a knife...

And if someone wishes to sell a good, in this case currency, for a certain price, then that price is a true and valid representantion of its value - right?

Suck it up, Airborne!