with President Hu Jintao of China, has not been able to allay the problem.
Look for the label before you can't!!!
"Usually it's the rich country lending to the poor. This time, it's the poor country lending to the rich."
The problem, he said, was not that Americans spend too much, but that foreigners save too much. The Chinese have piled up so much excess savings that they lend money to the United States at low rates, underwriting American consumption. Read on..
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