austrian63

Chinese Are Likely to Halt Purchases of U.S. Treasury Debt

This will eventually end badly. Without real savings there can never be real investment and improvements in the trade balances.

Who would have ever thought that the Communist Chinese government - which incentivises savings and thriftyness among its people - would be better capitalists than Americans whose government intentivises its people to spend and never save, don't plan for tomorrow, there is a free lunch and a free house and a free car and free job.....

Welcome to the new world order where sixty years of American policy has convinced us that we are entitled to whatever we want when we want it and government is here to make that happen if we can't or will not earn it.