Reason: China is pursuing merchantilist schemes, and they need to quit this behaviour sooner or later. Let's not forget, one of the reasons of the 2008 crisis was global imbalances that led some countries pile huge reserves, and investing these reserves in USA, basically showering US with money. You can have the best regulation in the world, but if someone is throwing money at you like crazy, in the receiving end someone will find a loophole to make use of this money -- in the case of 2008, mortgage based securities were that target. Export oriented countries typically have underdeveloped financial systems (their domestic spending, services sectors take backseat, everything they do is for exports), they could make use of this money at home.
This needs to change.
For this reason, I support QE; it will force China to change.
There are some good points in this Peter Tasker article.
Peter Schiff "We had a lot of problems that happened in 70s, under Nixon and Ford. But those problems started in the 60s, the great ...
Standardization Specialization Synchronization Concentration Maximization Centralization
News Pollsters failed to predict the UK election results. Their sample must be biased Calling people up and collecting answers is onl...
Link As you probably learned in school, Newton and Gottfried Leibnitz (INTP) developed the mathematical instrument of calculus simultaneou...