This an important, must read article from China’s outspoken and influential newspaper, the Global Times.
End of QE, not of US financial supremacy – Global Times.
The article takes a critical look at QE and the decline of US hegemony. It concludes:
In the international community, when the strength of a superpower is declining, its morality will be tested.
I wonder how history will judge the morality of President Obama’s foreign policy?