"China is America's paymaster. But at the same time, as the saying goes, if you owe the bank $100, it's your problem; if you owe the bank $100m, it's the bank's problem. The US owes China more than $800bn.
Stability of a sort, I guess.
18 February 2010
Quote of the day
Locked together, the stately minuet continues; the US can't stop borrowing and China can't stop lending. As Heather Stewart in The Guardian points out:
Stability of a sort, I guess.
Stability of a sort, I guess.
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