China is giving the USA a lecture on economic policy:
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_US_TREASURIES?SITE=WIJAN&SECTION=HOME&TEMPLATE=DEFAULT
This paragraph says it all:
China's premier said Friday he is worried about the safety of the enormous holdings of U.S. Treasuries and other debt and called on Washington to maintain a credible economic policy.
Credible economic policy? This statement comes from the leader of a country with a centrally planned economy. These are strange days indeed.
Thursday, March 12, 2009
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