Surging U.S. Savings Rate Reduces Dependence on China
June 29, 2009 at 09:51 AM EDT
[Skip to the end] This gets more ridiculous by the hour. The dependence on China already was zero. And, as in my previous post, the high savings rate of the non government sector comes dollar for dollar from the deficit and is not necessarily indicative of low spending. If it were, that would imply there is no inflation risk [...]