- China Warns Developed Nations of Inflation, Currency Threats (Bloomberg): "China’s central bank warned that monetary easing by developed nations threatens to cause “severe” inflation and currency volatility."
--> I like when they say "currency volatility", this means it will be good for trading on the Forex ;-)
- The Great American Bubble Machine (Rolling Stones magazine): From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again.
--> a must read ! very well documented article that generated a lot of controversy
- Bank of England boosts Quantitative Easing programme to £175 billion (Financial Times)
--> this unexpected news led to a fall of the British pound today
- The liquidity pipes remain clogged. Banks seem to be unwilling to use the money pouring into the system (Financial Times)
--> "Numerous small or risky corporate ventures in the west currently complain that they cannot get loans. Consumers are facing rising borrowing charges too. Thus, in the West, as in Japan a decade ago, the liquidity is still not necessarily flowing to those who need it most. Those pipes remain clogged, even as water is forced in."
- Chinese group buys voluntary carbon credits
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