Fed’s Yellen: China stuck with US monetary policy
US monetary policy is likely excessively stimulatory for Hong Kong and China and Hong Kong and China are concerned that US monetary policy could fuel asset bubbles. China is stuck with US monetary policy because of its USD peg, Yellen said. Adjustments to China’s exchange rate policy are all but inevitable, but China is unlikely to adjust exchange rates until mid-2010, she said.
In other words, “get your own damn monetary policy!”

AUTOREFRESH 













Looks like Jamie’s favorite pattern is forming on the A/U short term charts…