Which Way Wednesday - EFSF'd Up Edition
Courtesy of Phil of Phil's Stock World
QE-C (China)?
That's the word out of Asia this morning as the Hang Seng flipped 360 points higher after Premier Wen Jiabao said economic policy needs to be fine-tuned and asked local governments to check for signs of lending distress. The markets took that thin sauce as sign that monetary easing is on the way. You would think people in China would be happy as minimum wages rose at an annualized 21.7% pace in
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