notes aug 28 2008
August 28, 2008 § Leave a comment
China’s excess liquidity trap
China is awash with cash, thanks to high levels of savings, increased enterprise profitability, a government budget surplus and more foreign exchange reserves than it knows what do with. It sounds good – but the imbalances are creating hazardous challenges with significant implications at home and overseas. – Pieter Bottelier
Isn’t the “solution”to buy American homes and businesses?
thinking about Michel Serres. The idea that the basketball is not the game,that most of us see the ball but not the game, that real wealth goes to the game owner.. hence the producer is outdone by the market maker.