4 ms·
Well, it's regular mean reversion. China's treasuries and others will eventually grow as reserve instruments. Also, the primacy of high US salaries / income rel
by zkhalique 11y ago
Well, it's regular mean reversion. China's treasuries and others will eventually grow as reserve instruments. Also, the primacy of high US salaries / income relative to the rest of the world also looks unsustainable.
- techdragon 11y agoWhat high salaries? The entire country is built on a house of cards where the bottom layer stands in various degrees of minimum wage poverty that in some cases make being a European feudal serf in the Middle Ages look like an improvement.