‘The big education for me is that civilisation is fragile and can be destroyed in a heartbeat' - Jeremy Brade, former peacekeeper in Sarajevo.

Friday, August 15, 2008

The US owes China a trillion dollars - Setser

"... China’s government already plays a significant role in determining the allocation of credit inside the US economy, not just the allocation of credit inside China’s economy..."

Brad Setser (htp: Jesse's Cafe Americain)

Setser reported to Congress a year ago on the USa's vulnerability to foreign creditors and investors. See my blog here and here.

No comments: