Wednesday, March 25, 2009

Steven Livingston on China and U.S. Assets

"American Habits Led to Dilemma" from the Tennessean, March 25, 2009:
BERC's Steven Livingston, editor of Global Commerce, writes: "China purchased some $500 billion of U.S. bonds and assets last year alone. Is it the piper that will soon call the tune? China's warning to the U.S. Treasury recently was a wake-up call, as well as a demonstration of some new realities...."