Chinese Savings Helped Inflate American Bubble (Published 2008)

American trade and budget deficits have grown worse and Treasury Secretary Henry Paulson Jr., with President Hu Jintao of China, has not been able to allay the problem.Credit...Pool photo by Goh Chai Hin “Usually it’s the rich country lending to the poor. This time, it’s the poor country lending to the rich.” � Niall Ferguson WASHINGTON � In March 2005, a low-key Princeton economist who had become

[castle]

アメリカ経済が中国中毒でマネー過剰に陥るのを事前に防げなかったことを懺悔してみたって感じ？

[tweakk]

Americans did not use the lower-cost money to build a 21st-century equivalent of the railroads. Instead, the government engaged in Iraq, consumers used loose credit to buy sport utility vehicles and larger homes. Banks and investors created risky new securities like collateralized debt obligations.

[hnami]

米中経済