05 August 2011

"China says debt financing unlikely 'to save' US, EU"

You know things are bad when Chinese Communists understand our economy better than the President does.
"The only way the Americans have come up with to improve economic growth has been to take on new loans to repay the old ones," a blistering commentary published on the official Xinhua news agency said.
"To eat May's grain in April, however, will never be a permanent solution to a problem," the report said.

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