While Talking About Keynesian Stimulus, Feds Are Really Just Giving Money to the Big Boys

  •   The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

[efoods]As noted previously, China experts say that the Chinese government has been blowing a huge bubble (and see this).

But the government is apparently going to switch off the bubble-blowing machine.

China expert Michael Pettis writes:

Today bank stocks were down, on rumors that the very high and clearly unsustainable loan growth rates would soon come to an end.

And the BBC writes:

It comes as the government looks to tighten its monetary policy to prevent the risk of asset bubbles, loan defaults and rapid inflation.

Meanwhile, the Chinese city of Hangzhou has started tightening mortgage lending terms, ahead of any changes to monetary and credit policies by the national government.

The signs that China may ditch its loose monetary policy dragged down bank stocks in Hong Kong and Shanghai on Wednesday.

This article was posted: Thursday, July 9, 2009 at 11:27 am





Infowars.com Videos:

Comment on this article

Comments are closed.


Watch the News

FEATURED VIDEOS
Weedkiller Found in Food Study Shows See the rest on the Alex Jones YouTube channel.

100 Trillion Global Tax Coming See the rest on the Alex Jones YouTube channel.

© 2013 Infowars.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.