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发表于 2009-5-3 11:02 PM
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Well, in very simple term, credit=money. Regarding the debt, % wise, the debt of US is not that high among developed countries. However, the real problem is that the saving of US is way too low. The bottom line is it is not "financial crisis". Banks' problem can be fixed easily. Nationalization can provide enough liquidity, but it can not provide demand. I have a Japanese friend, around 80 yrs old, billionaire, all he did during last 2 yrs was buying GDC. He did not use it to hedge "possible inflation", he was preparing the worst. |
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