Good article. But I wish Jennifer Tan had been a little more explicit.
Ben can't control where his QE3 money winds up.
The article is probably right that it will end up in Kazakhstan, Vietnam & etc., the places that have not blown huge debt bubbles.
So great! The last corners of the world will also participate in asset & resource mis-allocation, building factories to sell un-needed products.
If Ben can actually pull this off, it will just leave the world in a much more deflationary state and make monetization that much less likely to stabilize a crashing money supply and the resultant falling prices.
But can he pull it off?
I doubt it.
When diligent monetization begins, everything will change overnight.
