REPORTING FOR DUTY
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Jul
10
One Big Mesh – The US And China Are Addicted To Each Other
July 10, 2009 | 2 Comments
Bloomberg concisely describes how intertwined the investment economies of the United States and China are and how this dampens prospects of sudden sell shifts by Asia.
Rumors of the dollar’s demise are no longer exaggerated. What is being exaggerated, though, is how easy it will be for Asia to get out of the quandary it’s in. Cutting off the U.S. government’s credit card, for example, means American consumers can’t buy your goods. And any sudden divorce between the world’s two main economic powers won’t be pretty. Far from it.
Interdependence. But it is likely they will wean themselves off of us before we wean ourselves off of them.
Comments
2 Comments so far
I have’nt seen any videos but you can guarantee that my family and I are damn sick of Chinese products. They are trash and we go to great lengths to find products made anywhere but China and Asia, particularly China. We want American made products, at least products made in our hemisphere. Even a product made in Bolivia is very superior. Need I say more. I just get burned up about it!
I just spoke my mind.