Saturday, April 04, 2009
The Dollar from China: Quicksand
Back in the early stages of the financial crisis, wags joked that our trade with China had turned out to be fair and balanced after all: They sold us poison toys and tainted seafood; we sold them fraudulent securities.
Krugman in the Times
That's the metaphor for this speed bump in the global economy. A tiger by the tail. One of Krugman's best.
Mainer, New Yawka, Beijinger, Californian, points between. News, views and ballyhoos that piqued my interest and caused me to sigh, cry, chuckle, groan or throw something.
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