There’s nothing quite like being given a lecture on capitalism from the Chinese. By the way, they’re doing it better than we are these days – and their version includes armored tanks!
But I digress…
Today’s QE2 quotable belongs to China’s version of Standard & Poors, the ratings agency called Dagong Global. Here’s what they had to say on the subject:
“Though it is likely for the current loose monetary policy to postpone the occurrence of difficulties, yet in the long run, it will be proven to be a practice resembling drinking poison to quench thirst.”
Instant classic, put it on the board. Winner Winner, General Tso’s Chicken Dinner.