3 ms·

Debt. So much debt.

• Quarrel 3y ago
  Another way to say this is foreign investment. So much foreign investment. China (and other big surplus countries) put a lot of money in to keeping the cost of things in the US low, due to their own mercantilist policies, directly at the expense of their own household sector.
  • pxue 3y ago
    I mean sure, one way is keeping yuan cheap against the usd. But the real issue is still the commoditization of debt.