"America is a land of economic marvels: No one saves money, but everyone spends it. Consumers buy things with money they don't have... but never seem to run out. Home prices skyrocket... even though the majority of Americans can't afford one. Bull markets flourish on Wall Street, even though the average stock sells for 35 times earnings. Commodity prices soar, yet the inflation rate barely budges.
And most incredibly of all, the dollar's value collapses, but foreigners still buy billions of dollars worth of Treasury bonds every month. Will America's delicious economic fantasy ever end?"
A Chinese Perspective
The China Price
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