I have an article up at Asia Times about the Fed's "quantitative easing" a.k.a. QE2 (QE1 was the TARP-era liquidity jolt to the financial system) entitled US allies take hit from QE2. Overseas, QE2 is not seen as a Hail Mary attempt to goose the U.S. economy by using a gush of liquidity to induce...
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