Monday, April 05, 2010

Suspicion

clipped from www.telegraph.co.uk

The US Federal Reserve has completed its purchase of $1.7 trillion (£1.1bn) of
mortgage securities, agency debt and US Treasuries, the conjuring trick of "credit
easing" that allowed Ben Bernanke to create stimulus equal to 12pc of
GDP.


The Fed's money creation has been more or less the size of Washington's
borrowing needs for the last year, as Beijing notes with suspicion.