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"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." - J. Paul Getty In this situation, China would be
by rossdavidh 6y ago
"If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." - J. Paul Getty
In this situation, China would be the bank?
Not, I should add, a long-term stable situation; sooner or later the bank will have a liquidity problem, and then you have a problem when you need more cash. But it probably does keep the U.S. and China from rushing as headlong into enmity.