The vicsious circle of low US interest rates
Wednesday, August 24, 2011
8:37 AM
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Labels: china , economy , us interest rates , vicsious circle , world
Labels: china , economy , us interest rates , vicsious circle , world
1 trillion china reservews - china buys treasuries -- and since liquidity is ample -- us govt pays less interest --- so less taxes for the country --- more money to spend on cheap chinese goods -- more chinese goods brought -- chinas reserves grow ---- back to step 1
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