173. Asian inflation?
July 22, 2009 § Leave a comment
How key is this to the future?
Asia reflation moves to the wild sideAsian reflation is poised to take on a wild life of its own, forcing policymakers at some point to accept that dollar flows are destabilizing and unmanageable. China, in particular, faces an intensifying predicament, with a rejuvenated boom that will prove impervious to central bank tinkering and an ever-increasing accumulation of IOUs of deteriorating quality.