QE2 Quotable of the Day

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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.

Source:

Chinese Ratings Agency says QE2 is “like drinking poison”  (QFinance)

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