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CHINA ECONOMIST: U.S. is Currency War's "tomb maker" *PIC*

U.S. is Currency War's "tomb maker": China Economist

[snip]

(Reuters) - The United States fired the first shot in the currency war and the rest of the world must be on guard for its deliberate strategy to devalue the dollar, a Chinese economist said in an official newspaper on Thursday.

In a front-page commentary in the overseas edition of the People's Daily, Li Xiangyang described the United States as the conflict's "first maker of tomb figures," a Chinese idiom that means someone who creates a bad precedent.

Li, head of the Asia department at the Chinese Academy of Social Sciences, a top government think tank, said continued intervention in currency markets by developed economies would deal a blow to global economic recovery.

Chinese leaders have warned before that loose monetary policies in the United States pose a serious challenge for emerging markets, but rarely in such strident language, a window onto the rising anger in Beijing...

LINK
:
U.S. is Currency War's "tomb maker": China Economist

http://www.reuters.com/article/idUSTRE69D15B20101014

 

(America's Real Estate Queen & Some Chinese Blowback?)...

"Look mean...and carry another big debt bomb"...?  Undecided

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