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The American economic boom couldn't have happened without China's willingness to buy up American debt. While the American economy has hit a road bump (or maybe a pothole), China has been able to avoid the same market turmoil. Until now. With a downturn in its own economy, China isn't interested in acquiring any more American debt and that is having a profound impact on our ability to borrow.
Member Submitted News
EU Lehman moment is HERE: Investors remain unconvinced, Deutsche Bank below $11! Federal Government prepares emergency plan for the bankalexmark
WASHINGTON GOES PRE-CRIME: GUN CONFISCATION PROPOSED FOR THOSE "LIKELY TO COMMIT VIOLENCE IN THE NEAR FUTURE"newsguy76
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