Spend twenty minutes per week browsing Investment Tools and you will be better informed than most financial experts!
Monday, November 16, 2009
China has now become the biggest risk to the world economy It is fashionable to talk of America as the supplicant. That misreads the strategic balance. Washington can bring China to its knees at any time by shutting markets. There is no symmetry here. Any move by Beijing to liquidate its holdings of US Treasuries could be neutralized – in extremis – by capital controls. Well-armed sovereign states can do whatever they want.