The Debts of the World: Obama Signals to China US Will No Longer Be Primary Consumer

Excellent op-ed from the Peterson Institute for International Economics as republished by the Financial Times. The imbalance of fund flows is a core topic of this web site so I felt compelled to show this link.

The authors do an excellent job of portraying the Obama administration's handling of the savings glut that Asian savers, particularly China, faces vis a vis declining American consumption.

http://www.ft.com/cms/s/0/30f63b1c-8d05-11de-a540-00144feabdc0.html