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Is there a cliff over which we will fall? yeah, you got to ask the bank. right? you got to ask the people who buy our debt. right now they re willing to continue to buy, which means rates, our interest rates are relatively low. yeah, but theoretically, the bank loses patience with you. right? they stop extending you that credit as much. and you watch your rates go up because they feel a little bit more nervous. the chinese by buy a lot of our debt. at some point will they come out with a public scolding. that would be a bad day. so how critical overall is the china/u.s. relationship? well, military lit, financially, it is becoming the key relationship for this country. you know, for the past century, it s been about europe and the middle east to some degrees degree. but the focus is shifting over to china. it s the second biggest economy now. they have a lot invested in us.
PeopleDebtRatesBankInterest-ratesCliffLotCreditPatienceChineseTheoreticallyPoint-of-view