Up To $80 Billion Gold-Backed Loans Are Falsified, Chinese Auditor Warns | Zero Hedge
More fun and games from China.
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- 2Posted by $ MikeMarotta 9 years, 9 months agoThis sounds like Keynesian editorializing. Market rates are what they are. The market is always right. If money-market rates increase it can only come from increased demand or decreased supply. If borrowers need "liquidity" and cannot get it (at the rate they want), then that is a market signal. I hate to say it, but a lot of this "Zero Hedge" stuff seems far outside the Austrian norm. "... (with liquidity needs growing more and more evident as Chinese money-market rates surge)..."| Mark as read | Best of... | Permalink
- 1Posted by straightlinelogic 9 years, 9 months agoHow can a market in which a government constantly intervenes always be right? Zero Hedge is at the forefront of documenting what government and central bank intervention does to markets.| Mark as read | Parent | Best of... | Permalink
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- 2Posted by richrobinson 9 years, 9 months agoIs that a lot? The FED printed that much phony money every month. I still think the biggest problem with China is honesty. If we can't trust the numbers our government is reporting then how close are theirs?| Mark as read | Best of... | Permalink
