Who Will Finance America's Deficit ?

Discussion in 'Economics' started by libertad, Nov 13, 2008.

  1. Yes atimes has some very good essays from a wide variety of contributors.

    In answer to your question, Bloomberg tried to ask the Fed the same thing the other day and Bernie told them to piss off.

    China is spending 600M internally which will no doubt be drawn down from dollar reserves and/or future surplus.

    No doubt other creditor nations will follow as building in the bad times is always the sensible thing to do.

    Old money always builds it's new yachts during recessions as a matter of interest.