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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (101129)8/21/2009 10:06:21 AM
From: arun gera  Read Replies (1) | Respond to of 116555
 
>When you're a debtor nation which liquidates your consumer and business debts in bankruptcy, the hangover (those with lower incomes and fewer assets due to the failure of the debt to be repaid) resides primarily in the nations who lent you the money.>

Won't the dollar assets of China go down but their buying power now goes up due to the deflation of assets in US?