Stephen Roach, head of Morgan Stanley in Asia, said Chinese officials are disgusted by the "astonishing recklessness" of Washington as default looms. "Coming so shortly on the heels of the sub-prime crisis, the debate over the debt ceiling and the budget deficit and is the last straw," he said.
Oh, well shoot, we wouldn’t want to offend the Chinese, Mao’s legacy and the rest. Let’s deep 6 the American republic and the (sometimes) messy way we get things done here. Then the Chinese can find someone else to ape.
Robert Craven
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