personally i don't agree. i think that inflation was in fact created, but that much of it was probably exported....
Posted by
x (aka dmuck)
Mar 31 '11, 06:42
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they created the excess liquidity, and it went looking for the best returns. taiwan has hiked rates three times in the last couple months. the phillipines, india, australia et al central banks have all been moving rates higher over the last couple years. commodities have moved up all over. i think a decent bit (not all, of course--esp in the commodity zone) of this is related to qe and its liquidity creation. it's just that now some of it is finally coming home to roost, thanks (like you say) to oil and china.
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