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Politics : New FADG.
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To: KLP who wrote (3027)8/8/2007 1:46:04 AM
From: HawkmoonRead Replies (1) of 4152
 
Yes.. it's disconcerting that China holds so much of our debt.. but they accumulated it by selling us so much stuff..

We catch an economic cold, they catch pneumonia. Being the world greatest producer of cheap goods means nothing if people in the US don't have the money to buy them.

And a cheaper dollar makes US goods less expensive in Europe. That doesn't please the Europeans.

Hawk
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