Economist: China Loses Faith in Dollar
Big news out of the land of cheese and cuckoo clocks: Economist: China Loses Faith in Dollar
If China stops financing the US's debt, we could be in for a bumpy ride.
Wednesday, January 26, 2005
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2 comments:
As a tradeoff, if China stops financing our debts, then our trade deficit will go away.
I hope we can still buy stuff, hehehe. But yeah, loss of manufacturing is getting to almost be a matter of national security.
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