In a guest post over on CNBC this morning, Michael Farr shares his views on how the US recovery is reliant on continued Chinese growth, which might be a big problem moving forward: China's central bank has been engaging in policies designed to slow inflation over the past several months. The central bank has raised interest rates several times, and it has increased reserve and capital requirements at the nation's banks. The goal is to slow the pace of economic growth and thereby slow the rapid increase in prices. We suspect the government is especially concerned about the cost of...
Read More...
[Source: � NEW]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment