4 ms·
It is NOT in US interests. It is an exorbitant burden as explained by Michael Pettis here: http://blog.mpettis.com/2014/10/are-we-starting-to-see-why-its-really
by rrggrr 10y ago
It is NOT in US interests. It is an exorbitant burden as explained by Michael Pettis here: http://blog.mpettis.com/2014/10/are-we-starting-to-see-why-its-really-the-exorbitant-burden/ http://blog.mpettis.com/2014/10/are-we-starting-to-see-why-i...
In short, US debt and money supply cannot keep pace with global asset growth. One or the other must (and is) giving way.