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I agree, paid for by the Fed buying U.S. Treasuries or by banks buying U.S. Treasuries. It is bound to fail sometime. What could save us is China failing first
by gscott 16y ago
I agree, paid for by the Fed buying U.S. Treasuries or by banks buying U.S. Treasuries. It is bound to fail sometime. What could save us is China failing first, property bubble, major projects, the 24/7 work, bad loans, floated by the Chinese as well but is backed by their Treasury bond holdings and the fact that no one knows how much money they print.