“Made in America, Imported by Asia”
“Resentment in emerging markets about the global spillover effects of easier U.S. monetary policy is likely to hang over next week’s summit of the Group of 20 leading economies in Seoul.
“What will happen with another round of quantitative easing by the Fed? It’s creating inflation, alright. Just not necessarily in the U.S., but on the other side of the globe,” said Frederic Neumann, an economist with HSBC in Hong Kong.” Read more.
“Analysis: Inflation fear from Fed easing Asia focused, not U.S.”
Alan Wheatley
Reuters, November 3, 2010.
Image by xedos4 / FreeDigitalPhotos.net.
