Posted by WARREN MOSLER on May 28th, 2010
Euro Swings Won’t Stop China Reserves Shift, Yu Says
Right, they want to stay ‘competitive’ in the euro zone
China Property Stocks to Rebound End-Year, Xia Says
China’s Inflation Target of 3% This year ‘Difficult’ to Meet
Even with the yen rising with the dollar.
Not a good sign.
Inflation per se isn’t ‘bad’ for an economy, it’s that people don’t like inflation and fighting inflation can be very bad for an economy.