Friday, December 26, 2008

Today's Fly Or Die Commerce Report: China's Huge Investment In The U.S.

America's ethos of consumerism has led to deficits in their bottom line. Foreign entities that are better savers have become America's lenders.

According to The New York Times, over the last 10 years, China has invested $1 trillion in America's economy. They have mainly purchased American government-backed mortgage debt, and U.S. government bonds.

No comments: