Pour ceux qui aiment comprendre l'économie mondiale expliquée par des experts vulgarisateurs (ou qui aiment les histoires avec des super-méchants qui menacent le monde sans être ridicules) Paul Krugman est là :
Krugman then spells out the jaw--dropping extent of China's T-bill [bons du Trésor US] purchases: $200bn in 2004 and possibly as much as $300bn this year. Beijing, he says, is "bankrolling America's huge budget deficit", now almost 5 per cent of national income, to the tune of $1bn per day.Voir aussi les chroniques de Krugman pour le New York Times (deux fois par semaine)
"At some point," he says, excited by the power of his logic, "China could well decide to stop this. If so, the dollar falls sharply, US interest rates rise and our housing bubble bursts."
A pause. "Quite simply," he concludes, "that would stop the American economy, the locomotive for the whole world, in its tracks. So, in this weird way, China is now the financial nexus keeping the global recovery going."