Quote of the Day: Luo Ping, Director-General at the China Banking Regulatory Commission

"We hate you guys. Once you start issuing
$1 trillion-$2 trillion [$1,000bn-$2,000bn] . . .
we know the dollar is going to depreciate,
so we hate you guys
but there is nothing much we can do."

Luo Ping, commenting on how China will continue to buy U.S. treasuries
despite misgivings about the country's finances.