« Back to story "The World Finance Crisis&the American Mission - The New York Review of Books"

Story Comments

Posted by: beavith1 5 months, 3 weeks ago

This page is a permanent archive of the comment below and its replies.
To view this comment in the context of the full discussion for the story, use this link.

All Comments Share Story Report

100%
beavith15 months, 3 weeks ago

This comment is below the standard viewing threshold View It »

yes. as a response to the gloabla savings glut,well, yeah. people will go where the money is, to sellthem products, whether real or financial.

that's not so hard to figure.

as far as generating US tradable goods, the US Treasury bonds ARE the tradable goods. the chinese are buying 'safe' investment with solid returns. US bonds serve as a savings account.
as long as the cash on hand is invested in the US economy and the US economy grows to pay back that invrestment with a greater return, this is not unsustainable. its not bad.

the train wreck occurs when the investment return plunges.

and here we are.

(comment_max_expanded_depth : 55) (comment depth : 3) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 55)
Reply
0 Replies

loading ...