Or there could just be a glut of savings in China. We get "real stuff." China gets money some of which is re-invested in China some of which comes back to Amer

Or there could just be a glut of savings in China. We get "real stuff." China gets money some of which is re-invested in China some of which comes back to America/Canada as loans, real estate investment, etc, which in part drives American asset price inflation and also enables our government to cut us "stimulus checks" to buy more real stuff from China...see the picture...China produces we buy... Here is a suggestion. Read the "Wealth of Nations" by Adam Smith. It is still true. The long term prosperity of a nation is not based on how cheaply it can borrow money. Rather it is based on its comparative advantage in producing "real stuff." While China is investing in moving up the manufacturing value chain, the USA is taking increasing debt and experiencing rising asset values out of line with increasing real production.