China, the largest foreign holder of United States debt, said Saturday that Washington needed to “cure its addiction to debts” and “live within its means,” just hours after the rating agency Standard & Poor’s downgraded America’s long-term debt…“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,” read the commentary, which was published in Chinese newspapers. [NYT]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Know what else the US needs to do? Quit outsourcing manufacturing jobs and quit buying counterfeit Louis bags.
Also? Stick it, China. Your economy is based on US debt.
Real simple just stop buying US debt and artificially suppressing the value of the yuan. Look at the currency cross back to 1992, watch how 93 – 94 China devalues the Yuan which not coincidentally is right about the time China began its rise.
http://www.oanda.com/currency/historical-rates/
This is like a tick complaining about the blood disease it gave its host.
Hey!
Calmer than you are.
Live within its means? who the hell is going to buy over 1,5 trillion US dollars in counterfeit products that keeps your factory workers busy and fuel the infrastructure boom in China?
I'm okay with Chinese debt critiques because they make some awesome food, so clearly they know what they are talking about.
U.S is fucked as soon as China stop funding U.S's debt.
China are fucked once they realise the value of what they already have bought
Serenity now….serenity now
If the debtor is fucked, the creditor is usually equally fucked.
Owe the bank $100k, you're fucked.
Owe the bank $100M, the bank is fucked.
Our politicians are parasites- everyone know they are out of control like a parent with a drug addict kid- tell the kid to stop doing drugs they tell you YOURE THE "TERRORIST". The lobbyists, fundraisers and politicians and legal industry created the mess and refuse to listen until there is nothing left. PARASITES.
If you like to eat dogs.
The Chinese "need to come to terms" with the fact that their country is a total shithole, unfit for human beings. It's a toxic wasteland where nothing is sacred especially the well being of its citizens.
Fuck that place…and yeah, I'm mad bro.
Hey, dipshit? If the basis of your comment is going to be rehasing offensive ethnic slurs, at least get them right- Koreans = dogs, Chinese = cats.
Respect for you Bess for coming to work on a Saturday
- Guy who notices subtle things in life
you’ve obviously never been to china and that’s not an ethnic slur, fuckhead. Now, go back to the service road RayJay and act like you are “in banking.”
I like to eat dogs, they are delicious.
Quit outsourcing? US is outsourcing is simply because US cannot compete w/ other countries.
$25+ Billion Paper Gain right now for the CPC Bitches.
The Chinese economy is based on US debt in the most retarded statement here.
A nation can park it’s current account surplus anywhere and in anything from tulips to junk bonds. Notice they didn’t park it in AAA rated Synthetic CDOs and ABS SIVs. They have been buying and producing massive quantities of Gold. Give credit where credit is due. These guys are much better traders than you are.
The goddamned plane has crashed into the mountain!
This ain't 'Nam, there are rules. And, yes, the Chinaman is NOT the issue.
thats not an ethnic slur you "dipshit."
Dude, chinaman is not the preferred nomenclature
you obviously don't understand economics. U.S. companies outsource because domestic labor cost is too high. If you don't outsource, foreign companies with destroy U.S. companies. And as big as you think counterfeit LV bags market is, the real LV bag market, all imported from France is 100x that. Counterfeit goods are bad for our economy for many reasons, but market size it aint. So, please keep your ignorant opinion to yourself.