Chinese critical emission of dollars without control
28-10-2010 golden marketThe periodic one official China Daily gathered the declarations of Chen, which defended the macroeconomic politics of the Chinese Government opposite to the new challenges that arise.
“Because the emission of dollars of the United States is out of control and the international prices of the prime matters keep on rising, China is being attacked by an imported inflation”, told the Commerce holder.
The Fed foresees new stimuli, according to The Wall Street Journal
The Federal Reservation will acquire “several hundreds of thousands of million dollars in bonds of the Treasure” like part of a new monetary stimulus for the economy of the United States, affirmed the newspaper The Wall Street Journal.
The Committee of Open Market of the Reservation, which directs the monetary policy, will meet on Tuesday, the 2nd and Wednesday, the 3rd of November, and at the end of the meeting one waits for the announcement of the details of the plan.
IEA - Major monetary mitigation will impel the prime matters
A major monetary mitigation on the part of the FED (American Federal Reservation) might cause a rise in prizes of the prime matters, undermining the impact of the measurements in support of the economic recovery, said the representative Eduardo López, the principal analyst in demand of oil of the IEA, International Agency of Energy (IEA), with head office in Paris.
The investors might change the cheap dollar into prime matters, provoking an increase in the prices and encouraging the inflation.
28-10-2010 ChinaDaily