From Yahoo! News: Dec. 29 (Bloomberg) – “The global recession is re-exposing fissures in U.S.-China relations that Treasury Secretary Henry Paulson spent more than two years smoothing over. Heightened tensions between China and the U.S. may worsen a contraction in world trade that already threatens to deepen and prolong the economic downturn. The friction comes as President-elect Barack Obama readies a two-year stimulus package worth as much as $850 billion that will require the U.S. to borrow more than ever from China, the largest buyer of Treasury securities.” Tell me something I don’t already know. I said this was the situation two months ago. I think Bloomberg is stealing from my blog!!!! Please. No matter what, the woman at left is optimistic. You can tell by the hemline.
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