Scene 4: How Chinese Savers Contributed to the Crisis?

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In this podcast, I talk about how Chinese savings played a role in the current economic crisis.   I also go into a little detail about some global imbalances and talk about a theory that would be useful to understanding what went wrong: the global savings glut.

In this second part of the podcast, I explain how the fixed exchange rate with the Chinese Yuan had an affect on the trade relationship between China and the United States.

Works Cited

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One Response

  1. Why are the uneducated American politicians fighting against themselves while the new-comer Chinese are smiling to the bank and prosperity?

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