william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
While I understand the argument that the tapering of QE is causing emerging market meltdown with blow back to the US economy and to some extent I even agree with it the US cannot continue to protect the EU and China from their own many failed policies.
"The Coming Collapse of China" by Gordon Chang detailing the current problems of China was published in 2001 when the current problems were smaller than today but still mind-numbingly huge.
The current EU and especially Euro-zone problems were identified prior to rollout by many Nobel laureates such as most strongly by Milton Friedman.
The EU is bigger than the US economically, the Euro-zone nearly as large and estimates of the Chinese economy are all over the map but still generally thought to be the second largest national economy.
The US choices are bite the bullet now or wait and see what something worse than the Great Depression looks like.
"The Coming Collapse of China" by Gordon Chang detailing the current problems of China was published in 2001 when the current problems were smaller than today but still mind-numbingly huge.
The current EU and especially Euro-zone problems were identified prior to rollout by many Nobel laureates such as most strongly by Milton Friedman.
The EU is bigger than the US economically, the Euro-zone nearly as large and estimates of the Chinese economy are all over the map but still generally thought to be the second largest national economy.
The US choices are bite the bullet now or wait and see what something worse than the Great Depression looks like.