Bond Outlook [by bridport & cie, November 17th 2010]
There are now economic wars, and wars within wars. We saw the Dagong report last week as the opening shot in a growing escalation between China and the USA over economic policies and exchange rates, with particularly virulent criticism of QE2. However, the USA refused to respond to the provocation by simply ignoring Dagong’s, and other, increasingly loud criticisms. China vs. the USA remains the major conflict on the road to global rebalancing. |
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
