By Stan Abrams (Guest Post)
So Simon Rabinovitch in the Financial Times goes with the drug dealer/addict analogy as a vehicle for explaining why China’s hands are not completely taint free on the whole U.S. debt situation. Yeah, I don’t see it. I’m actually getting a bit tired of the whole blame game here. It reminds me of 2008 and the debate over the Bernanke savings glut theory, which I was rather fond of. Was the U.S. to blame for all those crappy mortgages or was Asia to blame for lending Americans all that money, driving down interest rates? (Rabinovitch actually rehashes that briefly in…
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