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A comment on China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says. Parent comment

Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says by pessimizer on Wednesday May 24, 2017 @09:13PM (#14414676)
> Furthermore, debt in the US is a result of exogenous capital flows, not the other way around. If the US government tightened belts and cut heavily, leading to a fiscal surplus (or even just balanced gov't budget), we would see a growth in private sector debt.

Yes.

http://cepr.net/blogs/beat-the-press/national-income-account...

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Re:China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says by ryandamm on Thursday May 25, 2017 @12:16AM (#14415269)
This is an excellent link, thanks for that! Pettis goes over similar identities, but this is much pithier, and all in one place.

(Probably: Pettis assumes his readership already knows these things; I'm definitely not as savvy as his intended reader I think.)

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