The Ascent of Money — Season 1, Episode 6: Chimerica
Documentary • 49 min • 1 season, 6 episodes • ★ 8.0/10
Episode synopsis
Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
About The Ascent of Money
Historian Niall Ferguson tells the story of money and the rise of global finance. Bringing context and understanding to the current economic crisis, he reveals how the history of finance has been punctuated by gut-wrenching crashes.