The Myth of the Global Savings Glut
March 21, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Charlie Price submits:
This week we saw increased attacks on surplus countries, like China. These attacks typically criticize their excess saving i.e. their saving in excess of investment.
Shang-Jin Wei, of Columbia Business School, recently summed up this thinking when he said that:
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