以更大的流动性对付流动性过剩引起的泡沫破灭带来的危机。 the root of the problem (excessive leverage and the resulting massive over-capacity worldwide) is far from being solved... the solution so far is simply shifting the hot potato from the banks to governments... the financial crisis will turn into sovereign crisis at some point...
interesting to see - in a world where there is no good sovereign risk, but only less bad ones, will it be the survival of the least bad in the end?
china might be the less bad going into the crisis, judging by the way things are going, not sure it will be coming out of it...
