Yellen Dispatched to Beg China for Face-Saving Slowdown
Go to the source to watch the videos... Yellen Dispatched to Beg China for Face-Saving Slowdown SIMPLICIUS The U.S.’ growing urgency in ‘containing’ China’s development was thrown in sharp relief this week as Janet Yellen arrived in Beijing for what turned out to be an execrable beggar’s tour. Just days prior to her arrival, she had buzzed the punditry with her historically memorable exclamation that China was now operating at “overcapacity” (!!). What is overcapacity, you ask? It’s a new word for me, too—so let’s consult the dictionary together: overcapacity noun o·ver·ca·pac·i·ty: ō′vər-kə-ˈpa-sə-tē 1: When an insolent upstart nation’s surging economic activity totally humiliates the reigning hegemon’s own faltering economy, causing the many expensive dentures and porcelain veneers of the ruling class gerontocracy to rattle and grate with moral outrage and jealousy. 1b: An undesirable situation causing Janet Yellen and Nancy Pelosi’s stock portfolio to droop like a pair of