http://baselinescenario.com/2009/01/08/china-and-the-us-debt/ What happened to the global economy and what we can do about it Sat, 26 May 2012 23:20:02 +0000 hourly 1 http://wordpress.com/ http://baselinescenario.com/2009/01/08/china-and-the-us-debt/#comment-2506 Thu, 08 Jan 2009 22:59:06 +0000 http://baselinescenario.com/?p=1910#comment-2506 I agree we will likely see an increase in US personal savings rate … although I am not sure about it going to 10% level any time soon. This is a good news for the long term (we need to live within our means), but will suggest retrenchment in consumer spending (just what we don’t need at the moment). Does this mean we will experience a prolonged recession? Personal consumption expenditures as a percent of GDP has been rising steadily (over 71% in 2008).

]]> http://baselinescenario.com/2009/01/08/china-and-the-us-debt/#comment-2505 Thu, 08 Jan 2009 21:33:44 +0000 http://baselinescenario.com/?p=1910#comment-2505 Is it possible that China,due to its present economic circumstances and as our major creditor,may need or want to cash in some of their (lending) investments in our Treasuries.

]]> http://baselinescenario.com/2009/01/08/china-and-the-us-debt/#comment-2502 Thu, 08 Jan 2009 19:03:47 +0000 http://baselinescenario.com/?p=1910#comment-2502 I really like your content but the lack of any margin on the left is distracting for my eye and so I tend to avoid your site, to my regret.

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