Regret the Error

The headline on a front-page article on Friday, on the role in the housing bubble and consumption binge in the United States played by investment from China, could have been misunderstood. The article described how the United States has been tolerating a huge trade deficit with China while Chinese authorities have invested huge sums in American government securities from savings partly created by the inflow of American dollars. “Dollar Shift: Chinese Pockets Filled as Americans’ Emptied” meant to describe the complications of that situation; it did not mean to imply that China has profited from the weakness of the American economy. Link

Interestingly, the above was labeled a “postscript,” not a correction.

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