More than the 4 trillion fiscal stimulus, these loan levels are stimulating the economy and are making analysts revise their estimates for 2nd half Chinese growth. But at what cost? Like the G8, the Chinese will sort out the problems caused by this stimulus after their economy rebounds.   Read More

While the Far East of Russia, China, and others may have animosity towards the West and specifically the United States economic hegemony, they are the masters of their own universe. They can move away from the US dollar as the world's reserve currency if they take steps to move away from the export model of economic growth for their countries.   Read More