Ten years later, what have we learned? Less than nothing was apparently the objective...By some accounts the U.S. is 80% of the way towards collapsing China, however I suggest that is a very modest assessment. Closer to 99% more likely...
“Engineering a decade of rolling Chinese financial crises would be the most effective foreign policy the US could run and we’re 80% of the way there"
"80%? Why is this taking so long? You guys are incompetent. We need to wrap this up well before the mid-terms, my approval rating depends on it"
The crash in 2008 was obviously not caused by the singular collapse of investment bank Lehman Brothers. It was caused by the cascading domino collapse across risk markets which ultimately collapsed the world's fastest growing consumer economy: China. It then ricocheted off of developed markets and commodities.
I suggest 80% is a modest figure
"The gap between US's demand list and China's offer list is very large, and the back-and-forth of the negotiations in recent months suggests that neither side would make major concessions"