Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Normal
So the USA creates a trade deficit with China. China has loads of US dollars that are losing value relative to the other major currencies. China then puts the dollars back into the US economy via investments. Seems like a great system to let Americans consume more than we produce.This story, along with the announcement of the $3 billion Chinese stake in Blackstone tells me that we are going to see this trend develop and our two economies become increasingly interconnected and dependent on each other.
So the USA creates a trade deficit with China. China has loads of US dollars that are losing value relative to the other major currencies. China then puts the dollars back into the US economy via investments. Seems like a great system to let Americans consume more than we produce.
This story, along with the announcement of the $3 billion Chinese stake in Blackstone tells me that we are going to see this trend develop and our two economies become increasingly interconnected and dependent on each other.
