Hooray! We’re “too big to fail”.
RE: Hooray! We’re “too big to fail”.
At this point in time and for the forseeable future, China and the U.S. are locked in a dysfunctional co-dependence.
The U.S. consumes too much and save too little, so it needs to borrow from China. China saves too much and consumes too little, so it has to lend to Americans to let them to keep buying what China produces.
That might change in the future, but that’s still far off.