Duck Rodgers
Well-Known Member
https://finance.yahoo.com/news/china-not-wall-street-caused-102129161.html
I think I've actually seen this theory espoused previously throughout the years, but it's getting attention on the Yahoo Finance front page right now so I thought I'd pass it along.
This message has been brought to you by JP Morgan and Goldman Sacks.
According to a new study, China, not Wall Street bankers, was responsible for the global crisis and the ensuing recession.
The study from the Erasmus Research Institute of Management says the saving frenzy of the Chinese created the cheap money, which fuelled the U.S. housing bubble and its collapse.
I think I've actually seen this theory espoused previously throughout the years, but it's getting attention on the Yahoo Finance front page right now so I thought I'd pass it along.
This message has been brought to you by JP Morgan and Goldman Sacks.