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China's leading securities newspaper downplays QE3 impact
Global investors shouldn't get too excited about the Federal Reserve's third round of quantitative monetary policy easing (QE3) announced overnight, China's leading securities newspaper said Friday, arguing that the latest move is occurring in a very different world than the previous two rounds, with most of the increased liquidity to remain within the U.S. "The growth of emerging economies is slowing while the European debt crisis is still brewing," the China Securities Journal said in a short front-page editorial. "U.S. dollar assets are more attractive to investors. Most of the liquidity from QE3 will choose to ... (full story)
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