U.S.: Why China's Stimulus Is Better than Ours
[2009-07-29 10:01:55]
Nine months into the 2009 fiscal year, the U.S. federal budget deficit has topped $1 trillion for the first time and is expected to hit $2 trillion by year end.
The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar.
On several occasions, senior Chinese officials have warned top members of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.
The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar.
On several occasions, senior Chinese officials have warned top members of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.
Source: ETCN
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