Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either by joint ventures or other means.
One of the major problems with China is that its innovation is largely borrowed technology.
We must take away the government's credit card. With limits on both tax revenue and borrowing, the Federal government would finally be forced to get serious about spending cuts.
I counted on sixty days only, but I held out for 133. I didn't go into power, but to get power I borrowed some power from the President and made him sign a number of decrees and give me enough power to create a system capable of handling crisis situations.
Lower interest rates are usually considered good for stocks because they lower the cost of borrowing and make bonds a less attractive alternative investment.
Most companies can survive even if their debt ratings are lowered below investment grade, although they will have higher borrowing costs.