US Fed has done what many expected it to do....keep interest rates low at 0 - 0.25% atleast till mid -2013. Interest rates have been at such low range since mid 2008. Again the word atleast is significant, which means US Fed even has intentions to keep interest rates at 0% for a much longer time.
There is nothing much other countries can do right now.....other then face inflation. But wait...China has risen the Chinese Yuan the most in 3 years today, Yuan actually jumped the most against the US dollar today. China is definately taking steps if not fast but atleast slowly to re-engineer and reduce dependency on exports to US. We can't expect results too soon and US will continue to rule this game for few more years....after that US will be a big loser, as hyper-inflation and riots (more fiercer then what happened in UK) will take it to destruction.
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