Niall Ferguson: How China’s Insane Fiscal Policies Pumped Up Chimerica And Crushed America

When he coined the term Chimerica in 2006, Niall Ferguson was refering to a mutually beneficial relationship: cheap money from China and wild spending from America.

But recently he has called for the end of Chimerica — seeing as America’s economy sucks and China looks a lot like bubble.

Published this week, his latest paper shows how insane fiscal policy in China created the monster.

See charts From “The End Of Chimerica”>>

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• How Asia Makes The U.S. Look Like A Third World Country
• China’s Dumping Of The Dollar Has Begun