| Economy |
America's drug dealer about to cut us off
According to the New York Times, China is "losing taste for debt" from the U.S. Clearly, this is an attempt to goad comedy writers into a 30-minutes-after-you-eat-chinese-you're-hungry-again line. Nice try. And you, too, Royal Bank of Scotland economist Ben Simpfendorfer: "...there's a waning appetite for dollars and a waning appetite for Treasuries."
We don't really understand it (why you're hungry after eating chinese food, and the whole buying debt thing), but it's apparently a bad thing for the U.S. if China stops buying government bonds. And, yes, like everything else, even our debt is made in China. Remember the good ol' days when we produced our own debt, right here in the U.S. of A? Or maybe we've been watching too much Lou Dobbs.
In any case, what can we do to keep China buying our debt? Take the poll and tell us what you think...
Filed under: China, China Debt, China Investment, US Debt, US Economy, US Economy And China, Business News







posted 12:24 pm on 01/12/2009
You're now a Fan of chaserblue.
posted 1:26 am on 01/10/2009
You're now a Fan of Jick20761.
They'll buy everyone we print.
Problem solved!
Otherwise the Triad will go door to door to collect their debt or cut off our fingers and toes.
posted 5:01 pm on 01/09/2009
You're now a Fan of RamaLamaDingDong768.
....maybe he actually was just trying to pump up support for "Dowrys" instead.