China announces shift in interest policy - which means higher rates

Discussion in 'Wall St. News' started by ASusilovic, Dec 3, 2010.

  1. China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls, the state Xinhua news agency reported on Friday.

    Congratulations to Bernanke and his FED braniacs. That´s a direct result of QE II. This could have harsh repercussion on companies like General Motors and other "braniac" US companies doing good business / revenue in China. Bernanke is creating liquidity. China is soking it up.