A Wall St. Economist on the U.S. and China -
But the drop-off in exports has led to the Chinese authorities launching a huge fiscal stimulus to build infrastructure and keep the economy running. They appear to be in the midst of replacing export-led growth with consumer-driven growth."
Sunday, May 17, 2009
The American savings rate went from - 6% to +4% in the last eight months.
at 9:13 AM