FAST FIVE: Rabobank: There Is Just One Small Problem With China's Plan To Catch Up With US Technology
Back to the late 17th century, UK gilts had never been issued with negative yield.
Until yesterday, the same day the BoE made clearer it is seriously contemplating entering the mirror world of being paid to borrow, which Japan and Europe are already deep into.
You help promote unity in China and you make intl news as fun as comedy.
Logically, the only way that external deficit doesn't happen is if the US and world does not act as China dumps foreign technology imports and/or if the state investment push is mirrored by higher private-sector saving-.in which case there is no GDP boost.
Cue howls from those who don't understand how these balance-sheet dynamics actually work.