Sunday, August 23, 2009

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.
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