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Daily Archives: April 19, 2011

The impact of China’s rebalancing

The impact of China’s rebalancing, and its implications on global interest rates, by Martin Feldstein. Marty seems to suggest that if China were to rebalance its economy successfully, debtor countries (especially the US) will face a much higher equilibrium interest rate than the past couple of decades.  I doubt this will happen very soon – rather it’s a slow process.