Tuesday, September 4, 2007

Who financed the US home-price bubble ? We, the savers of Asia!

Everyone is talking about collapse of the US home-price bubble and the danger of recession, but no one is talking about the suckers who financed the bubble, namely the savers of Asia.

Asia will do so no longer. If the United States wants Asian investors to continue to take risk on its shores, it will have to allow them to buy solid US companies, rather than the sort of debt derivatives that blew up this summer.

read more | digg story

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