24 Jan 2009

"Would You Chinamen Stop Saving So Much?!?!"

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You might expect such analysis from The Dishwasher or The Water Boy, but no, it’s from The Economist (HT2 Tim Swanson). I don’t even need to read this article. Even if it were somehow true that Chinese savings are causing “global imbalances” and hence our financial crisis, that would just prove to me our current financial system is screwed up. (But I don’t think it’s true anyway.) You gotta love this picture:

Incidentally, I know that “chinaman” is not the preferred nomenclature.

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