The Chinese are very cautious, but they have now put their toes in the water and decided it's OK, so they will move again.
More Quotes from Martin Feldstein:
Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.Martin Feldstein
The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.
Martin Feldstein
I think that over the last few decades, we have seen better economic outcomes than in the past.
Martin Feldstein
The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.
Martin Feldstein
My theme this evening is that America needs a competitive dollar.
Martin Feldstein
But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
Martin Feldstein
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Based on Topics: Moderation & Temperance Quotes, Water QuotesI was lucky I always got along with girls. It was never like a big deal. I had a lot of girls that I was friends with that I wasn't sexual with. I think having two older sisters made me comfortable like that. I just like people, so I can just go up and say whatever.
Vince Vaughn
Infatuated, half through conceit, half through love of my art, I achieve the impossible working as no one else ever works.
Alexandre Dumas
The two most common elements in the universe are hydrogen and stupidity.
Harlan Ellison