Quote:
Originally Posted by zoomzoom3
Looks like China saved the markets by taking a page from the Fed's playbook. It appears they plan to run virtually 0% interest rates for a while and might even consider some aggressive QE. I never thought they'd go down the same path but I guess as the saying goes desperate times call for desperate measures.
|
It's been happening globally since 2007 in varying degrees. Let's see if they can accompany monetary policy with smart fiscal policy, that was our issue.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
