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1930's bail out vs today

Started by petrfitz
almost 18 years ago
Posts: 2533
Member since: Mar 2008
Discussion about
in the 1930's America was the largest manufacturer in the world, and the largest creditor (lendor to other nations) Today - the USA doesnt manufacturer anything (no wealth creation) and we are the largest debitor nation in the world. Its still a house of cards, and our debt is only getting bigger. Thanks China!
Response by alanhart
almost 18 years ago
Posts: 12397
Member since: Feb 2007

Jim Jubak: Feds bailed out China, not the US
http://articles.moneycentral.msn.com/Investing/JubaksJournal/feds-bailed-out-china-not-the-us.aspx

Also fun reading, by Jim Jubak: Botched rescues are killing markets
http://articles.moneycentral.msn.com/Investing/JubaksJournal/botched-rescues-are-killing-markets.aspx

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