Friday, August 19, 2011

China is doing a lot more to control the supply of money than the cost of money

or so sez jp morgan  .....and rightly so

its a quantity  rationing process after all
like gaining admissions to princeton's freshman class

   no matter what hocus pocus interets rates no more ration credit size and availibility
then  tuition rations admission to old nassau's hallowed corridors