HEAD OF ASIAN DEVELOPMENT BANK WARNS ABOUT HUGE LIQUIDITY IN THE REGION The head of the Asian Development Bank recently warned in a statement that something must be done to sterilize the $2.3 trillion (that’s right; trillion) of reserves in the coffers of the major Asian nations’ (primarily China, Russia and Japan) central banks. These reserves must be sterilized, or it is likely to create inflationary pressures and bubbles in certain areas, like real estate.
Our response to his statement: “He is late with this warning.” This immense cache of money held by central banks has already sent the . . .
Continue Reading: $2.3 TRILLION ASIAN RESERVE SURPLUS
