online.wsj.com - 7/4/2009
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BEIJING Asian officials and scholars are pushing back against the notion that their countries' high savings helped cause the financial crisis by flooding the world with money, arguing that lax U.S. financial regulation bears the brunt of the blame. "Asians financed cheap consumption in the ...
blogs.cfr.org - 6/30/2009
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blogs.cfr.org —
Few topics are quite as polarizing as the
“savings glut.” The very term is often considered an
attempt to shift responsibility for the current crisis away from the United States. That is unfortunate. It is quite possible to believe that the ...
(more)
The savings glut. Controversy guaranteed.
delong.typepad.com - 7/6/2009
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delong.typepad.com —
The Young Turks Andrew Batson: Asian Officials Push
Back Against Savings Glut Theory
(more)
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naked capitalism —
... Principle? One Word: "Darts" Paul Kedrosky How Bureaucracy prepares for Social Collapse Brenda Rosser, Econospeak. Wow, now I feel like a Pangloss. July 4th: CANCELLED Clusterstock A theory of Fed announcements Tyler Cowen What a Day Megan McArdle. and Sarah Palin's bizarre bombshell James Antle. Guardian and Barracuda Hilzoy Bankruptcy Filings Decline 6% in June Bob Lawless, Credit Slips Asian Officials Push Back Against Savings Glut Theory Wall Street Journal Japan ...
It Takes Two to Tango
The Aleph Blog —
... Thus, when I consider arguments over whether America is to blame for its profligate ways, or whether those that funded the deficits are to blame, I simply say that the books have to balance. Neither is to blame; both are to blame. ...
links for 2009-07-05
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... The Young Turks
Andrew Batson: Asian Officials Push Back Against Savings Glut Theory
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Asian Officials Push Back Against Savings Glut Theory —
The Big Picture
“The crisis originated from Wall Street and many indisputable facts have established that micro factors had played an overwhelmingly important role in causing this crisis. People outside China need a better insight into the high savings rate in China.”
-Chinese central bank ...