[lbo-talk] Baker rounds bend

Doug Henwood dhenwood at panix.com
Wed Nov 18 11:44:18 PST 2009


On Nov 18, 2009, at 2:32 PM, Jordan Hayes wrote:


>> As the trillion dollar creditor, China is in the position
>> to be making demands, isn't it?
>
> # "If you owe the bank $10,000, and can't pay: it's your problem;
> # if you owe them $1,000,000, and can't pay: it's THEIR problem."
> # - Rosalie Goes Shopping

That's the stock point of view. The flow point of view: if you need $300 billion a year, it's your problem.



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