|
China Bankers Say Low US Interest Rates Threatens Economic Recovery |
|
|
|
|
Written by Top Ten List
|
|
Wednesday, 23 September 2009 |
China’s top bankers have voiced their concerns over low US interest rates and weakening US dollar, which they say may distort global asset prices and ultimately threatens the economy from a full recovery. China is one of foreign holder of US debt, in which these come in the form of Treasury securities. And as the result of the decline of the US dollar, the Treasury securities have also devalued accordingly.
Personally, I think that the weakened US dollar is ideal for people who want to invest in the United States. However, a weakened dollar also has implications over the economy, whereby people might need to fork out more money to purchase goods, such as gas for their vehicle.
Do you think that the US dollar will rise to its former glory again?
 |
Subscribe to this comment's feed
