| 11.05.2009 - The sovereign wealth solution |
| From WSJ: Intergovernmental transactions grew remarkably in the years leading up to the credit crisis. Too often, these transactions ignored long-term costs and benefits, sustainability and risk efficiency. Most notable was China, which helped fuel U.S. overconsumption by buying more than $1 trillion of United States Treasury and government-agency debt securities since 2004.......Full Article: Source |