Relying on low interest rates source of US financial crisis
ANBOUND
U.S. Federal Reserve System chair Janet Yellen throws the astonishing remarks that the Fed is likely to restart the non-conventional monetary policy, including QE, to deal with the outbreak of the financial crisis. Anbound's chief researcher Chan Kung pointed out that when the technological innovation is in a dormant period and under the circumstance that the effective demand cannot readily appear, the US economy can only rely on low interest rates to maintain the current prosperity; this is in fact the source of the financial crisis and everything else is capital surplus.