Comments on: The US Has A Spending Problem, China Has A Savings Problem http://weakonomics.com/2010/02/10/the-us-has-a-spending-problem-china-has-a-savings-problem/ Everything That's Wrong With You And Your Money Wed, 08 Feb 2012 22:32:00 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: Curious Cat Investing and Economics Carnival #7 at Curious Cat Investing and Economics Blog http://weakonomics.com/2010/02/10/the-us-has-a-spending-problem-china-has-a-savings-problem/comment-page-1/#comment-3690 Curious Cat Investing and Economics Carnival #7 at Curious Cat Investing and Economics Blog Tue, 16 Mar 2010 16:01:18 +0000 http://weakonomics.com/?p=3818#comment-3690 [...] The US Has A Spending Problem, China Has A Savings Problem – “Back in 2005 the savings rate in the US dropped to below 1%. That’s sad considering up until the mid 80s we were always above 5% and crested 10% a few times… Our savings rate is currently just under 5%… The savings rate in China is something like 30%; and this number has grown in recent years, “ [...] [...] The US Has A Spending Problem, China Has A Savings Problem – “Back in 2005 the savings rate in the US dropped to below 1%. That’s sad considering up until the mid 80s we were always above 5% and crested 10% a few times… Our savings rate is currently just under 5%… The savings rate in China is something like 30%; and this number has grown in recent years, “ [...]

]]> By: Darwin's Finance http://weakonomics.com/2010/02/10/the-us-has-a-spending-problem-china-has-a-savings-problem/comment-page-1/#comment-3566 Darwin's Finance Thu, 11 Feb 2010 16:19:47 +0000 http://weakonomics.com/?p=3818#comment-3566 If only we had the problems those Chinese savers had (financially)...they're holding the cards because they're holding massive US Treasury holdings to fund our debt. The day we actually speak up and do anything about the routine espionage attempts on both corporate and national defense interests, speak up on human rights, Tibet, their cooperation with Iran or any other US interests, they can call our bluff. They pretty much own us. They do benefit from our consumption-frenzy for cheap chinese-made wares, so the balance is roughly maintained. Overall though, Advantage savers. If only we had the problems those Chinese savers had (financially)…they’re holding the cards because they’re holding massive US Treasury holdings to fund our debt. The day we actually speak up and do anything about the routine espionage attempts on both corporate and national defense interests, speak up on human rights, Tibet, their cooperation with Iran or any other US interests, they can call our bluff. They pretty much own us. They do benefit from our consumption-frenzy for cheap chinese-made wares, so the balance is roughly maintained. Overall though,

Advantage savers.

]]> By: Why Do The Chinese Save So Much? | Weakonomi¢s http://weakonomics.com/2010/02/10/the-us-has-a-spending-problem-china-has-a-savings-problem/comment-page-1/#comment-3564 Why Do The Chinese Save So Much? | Weakonomi¢s Thu, 11 Feb 2010 15:15:50 +0000 http://weakonomics.com/?p=3818#comment-3564 [...] Yesterday I talked about China’s saving problem and America’s spending problem. I promised you an explanation for why the Chinese save 30% of their income. It’s quite simple really. Men do whatever they can to get the attention of women. And in China, saving is sexy baby yeah! [...] [...] Yesterday I talked about China’s saving problem and America’s spending problem. I promised you an explanation for why the Chinese save 30% of their income. It’s quite simple really. Men do whatever they can to get the attention of women. And in China, saving is sexy baby yeah! [...]

]]> By: LeanLifeCoach http://weakonomics.com/2010/02/10/the-us-has-a-spending-problem-china-has-a-savings-problem/comment-page-1/#comment-3561 LeanLifeCoach Thu, 11 Feb 2010 01:52:15 +0000 http://weakonomics.com/?p=3818#comment-3561 I always knew Keynes wanted people spending but did he want them in debt? Heck, was debt even common in his day? I look forward to tomorrows post... and something spectacular! .-= LeanLifeCoach´s last blog ..<a href="http://eliminatethemuda.com/2010/02/personal-finance-can-be-fun/" rel="nofollow">Personal Finance Can Be Fun!</a> =-. I always knew Keynes wanted people spending but did he want them in debt? Heck, was debt even common in his day?

I look forward to tomorrows post… and something spectacular!
.-= LeanLifeCoach´s last blog ..Personal Finance Can Be Fun! =-.

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