Buy, Borrow, Steal
Hidden Brain
00:00
The Global Saving Gulp
This is not just a story about what is happening within the united states. Across the world, many countries seeking to stash their money somewhere safe, look to invest it in the united states. If you put these two factors together, the saving glut of the rich and the global saving glut, they're very related. And so all that process is linked. The mortgages being taken out in detroit are directly linked to decisions being made by the chinese central bank,. who wants to kind of lend more to american borrowers....
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