H*****8 发帖数: 225 | 1 Mr. Mallaby,
With all due respect, I have never seen a more stupid and self-conflicting
postion as being put forward by your article.
You should be well aware that the US dollar is the world's base currency,
and when the Fed lowered the US fund rate to 1% back in 2003, and held it
there for over a year, it created a huge chunk of "money" out of nowhere.
The US consumers borrowed like mad when they had access to this easy credit,
and spent the money on imported goods, many from China. This in tu |
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