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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Martin Wolf on Savings Glut Vs. Money Glut Hypotheses | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="6xFDfhHcjZ"&gt;&lt;a href="https://www.nakedcapitalism.com/2007/06/martin-wolf-on-savings-glut-vs-money.html"&gt;Martin Wolf on Savings Glut Vs. Money Glut Hypotheses&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2007/06/martin-wolf-on-savings-glut-vs-money.html/embed#?secret=6xFDfhHcjZ" width="600" height="338" title="&#x201C;Martin Wolf on Savings Glut Vs. Money Glut Hypotheses&#x201D; &#x2014; naked capitalism" data-secret="6xFDfhHcjZ" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Martin Wolf, in a Financial Times comment, &#x201C;Villains and victims of global capital flows,&#x201D; looks at the two competing theories of the causes of global imbalances. One is the savings glut story, in which parsimonious Chinese and Japanese force the US to consume to keep the world from falling into recession. This view is favored [&hellip;]</description></oembed>

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