November 8, 2010
Dollar Leakage Spurs Growth Elsewhere -- Seeking Alpha
A sensible evaluation by Steven Hansen of the Fed's recent decision, called QE2 (Quantitative Easing, Round 2 [round 1 was TARP]) to buy $600 billion in U.S. Treasury securities during the next 6 months as an attempt to stimulate the economy.
There is widespread disagreement about this Fed decision which was opposed by one of the Fed's board of governors.
Countries such as Germany and China are opposed to what amounts to a devaluation of the dollar by printing money.
If that's not what's going on here, what is?