Today, there is a danger that many people in the market are deceived by the market. This is mainly due to the wrong teaching in Economics Textbook today.
My Famous Quote is Market deceives people:
First thing first we are looking at a Huge deflation world where the Chinese in 2008 decided to inflate the economy to stir the world forward.
But two years on, not only this did not work but the government is facing tremendous inf lation pressure at home.
Unless there is a regionalization of RMB (which is highly unlikely), the Chinese will stop the second Great Leap Forward and rises interests rate in 2011.(QE2 or not QE2)
Thus, that leaves the only option left:
Provided no appreciation and regionalization from the Chinese currency, the US will start QE3 sometime 2011.
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