今天，CNBC又开始放P，美其名曰， Erasmus Research Institute of Management的“研究”表明， China, not Wall Street bankers, was responsible for the global crisis and the ensuing recession. 此P有味! 看看美国网民是如何认为的。从网民赞成和不同意的比例来看，人们对是非的认识，还是很客观的。 下面的ZT为连续的评论，无中间删改。 ---- Who created all those trillions our of thin air for the Chinese to save? Alan Greenspan with his low rate policies to stimulate the economy ended up overseas with China. Duh ---- So, the US Federal Reserve's "loose money policy" sparking a spending boom based on low cost financing didn't cause the economic collapse...it was the Chinese for diligently saving from their meagre earnings.
Yeah! Right. --- So first she blames it on China and then for fear of getting backlash she says "The study also argues that Ben Bernanke, chairman of the U.S. Federal Reserve, set the world up for the Great Recession". Coward. Bernanke and Wall Street, they sleep together. --- I thought we needed to blame Bush, or Cheney, or the wars. Now its the evil savers in China, how thoughtless of them. Blame anyone but ourselves! --- "The saving frenzy of the Chinese created the cheap money, which fueled the U.S. housing bubble and its collapse". Yeah, and farmers cause the US obesity epidemic because they produce food. --- I nominate this article for "dumbest article of the year." --- This story has been told before ... Its very shallow. Perhaps a better analysis would to look at the impact of 30 years of outsourcing manufacturing that created trade imbalances and study the long term affects of that policy by US companies. --- Our financiers created these scam mortgage instruments to sell to the Chinese because they have too much money, so they are to blame?! How low can this writer stoop! Blame the customers. --- The money may have been cheap, but who figured out how to steal it? Not the Chinese, Heleen. What you're saying is that honest, hardworking people who save money encourage thieves, because they have surplus money available to be stolen. By your logic, the honest, hardworking person is guilty, --- wow it is more china bashing because wall street does not want to admit they are evil.
nice way to pass the buck no wonder.
I wonder where all the fraud Chinese caps came from I wonder if wall street made them herself and then blames china for it now.... --- Who wrote this cover piece for the banks and rating agencies? And your blaming the Chinese... Please.... whoever came up with this drivel needs to try again... What a trojan horse article. --- look like Bush was a good guy after all..... --- Erasmus Research Institute of Management, say goodbye to your credibility. --- when you cant swim, you put the blame on the manufacturer of the swimming costume and trunk. When you smoke heavily and was infected with terminal illness, you put the blame on the manufacturer of tobacco and the plantations.. --- The Chinese populace saving money caused Americans who had no money and little income to bid up the price of houses to a point where they could not afford them .
Erasmus Research Institute of Management - is a "top" business school in Rotterdam? They may want to re-evauate their thinking. --- yeah, now lets blame it on the chinese saving. Always someone else caused the mess, when the real cause is the Debt fueled American system, the Federal Reserve, derivatives, exotic financial products, loose lending standards, and finally wall street and the banks. what a stupid study, probably... --- That is the problem with the global economy and currency manipulation by all the big governments. I guarantee the leaders of all the major global economies still have their fortunes. 原文如下： Thought the global financial crisis in 2008 was caused by subprime bonds, collateralized debt obligations (CDOs) and other Wall Street engineering? Think again. According to a new study, China, not Wall Street bankers, was responsible for the global crisis and the ensuing recession. The study from the Erasmus Research Institute of Management says the saving frenzy of the Chinese created the cheap money, which fueled the U.S. housing bubble and its collapse. Heleen Mees, writer of the study and assistant economics professor at Tilburg University in the Netherlands, says that exotic mortgage products could hardly have been the cause of the U.S. housing market bubble and the its ultimate collapse. According to the study, mortgages with those special features -- like mortgage-backed securities and CDOs -- accounted for less than five percent of the total number of new mortgages from 2000 to 2006. Mees, author of three books and contributor for Foreign Policy magazine, says it was the "loose" monetary policy of the Federal Reserve at the beginning of the decade which sparked a refinancing boom in the U.S. in 2003 and 2004 and a growth in personal spending. This U.S. spending binge fueled economic growth in China and in turn boosted total savings in that country. The study, which compared financial market responses to U.S., Chinese and German quarterly GDP from 2006 through 2009, shows that the Chinese have been saving more than half of their GDP during that time. Those savings were heavily skewed towards fixed income assets like government bonds and depressed interest rates worldwide from 2004 on. This allowed for interest rates around the world to fall, and sparked a boom in the U.S. housing market due to the availability of cheap money. The study also argues that Ben Bernanke, chairman of the U.S. Federal Reserve, set the world up for the Great Recession by providing the "intellectual backing for the aggressive rate cuts in the early 2000s." With so many books out on the financial crisis, Mees recommends people read Economic Development with Unlimited Supplies of Labor by Arthur Lewis and she says people should avoid one of the blockbusters on the crisis, The Big Short by Michael Lewis. | 
