And now World policing in Economics

World policing in Economics also! Better will be if US takes care of their own economy and let others take care of theirs. Once the USD starts falling no one will be able to hold it up!
And the joke is while US Fed is busy printing currencies to save their skin, how will they expand their own purchases of long term Bonds?

Op-Ed Columnist - Taking On China and Its Currency - NYTimes.com

www.nytimes.com

It’s time for America to confront China about the undervaluation of its currency, which is adding to the world’s economic problems at a time when those problems are already severe.

Well a saner voice! Now from Economist.

China's currency: The return of the "get tough" approach to China | The Economist

www.economist.com

Paul Krugman continues to be very upset with the Chinese government over its currency policy. He has written another column declaring that China's dollar peg is damaging to the global economy, and that America should get tough with the leadership in Beijing. This still makes no sense to me.

The Danger Line

A chart published by OECD (which link I am not able to give here), shows the relative positions of various OECD countries with respect to their financial stability (based on a chart depicting their national net public debt vs the projected annual deficit for 2010 both as percentage of GDP).

The countries which are under the safety line are marked as red and those above are marked in other colors.

In the red, in the order of their ranking from worst to better are, Japan, Greece, UK, Ireland, US, Italy, France, Portugal and Spain.

In the yellow are again from worst to better are Germany, Poland, Hungary, Netherlands and Canada.

The countries which are much better off are Australia, Sweden, Switzerland, Finland and Korea.

And the best and the one which stands out is Norway.

After Sorrowland, Zombieland

"Zombies revisited."

This time by Bill Bonner.

Zombieland

http://dailyreckoning.com/zombieland/

The growth of the Chinese economy is discussed as a function of the government central planning and the growth of the Chinese consumer base in this essay.