There has been increasing comparison between the U.S. and European economies; in particular, which economy is in a worse state of health.
This week, an adviser to the Chinese central bank said that while the U.S. dollar will be a safe investment for the next six to 12 months as global markets focus on the euro zone troubles, the greenback and U.S. bonds will suffer significant declines once the European economic situation stabilizes.
"We should be clear in our minds that the fiscal situation in the United States is much worse than in Europe," said Li Daokui, an academic member of the central bank's monetary policy committee.
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