Thursday, November 04, 2010

I'm Turning Chi-ya-nese, I'm Turning Chi-ya-nese...

... I really think so...
FT.com / Global Economy - Backlash against Fed’s $600bn easing: "An adviser to the Chinese central bank called unbridled printing of dollars the biggest risk to the global economy and said China should use currency policy and capital controls to cushion itself from external shocks.

“As long as the world exercises no restraint in issuing global currencies such as the dollar – and this is not easy – then the occurrence of another crisis is inevitable, as quite a few wise Westerners lament,” Xia Bin wrote in a newspaper under the Chinese central bank."
And yes, that's a musical pun. Or lament. Or something...