QE2 Quotable of the Day

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.


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

What's been said:

Discussions found on the web
  1. movies123.style commented on Sep 16

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2010/11/10/qe2-quotable-of-the-day/ […]

  2. fake russian military watches commented on Sep 18

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2010/11/10/qe2-quotable-of-the-day/ […]