The Conservative Cave

Current Events => Economics => Topic started by: Pat on July 08, 2010, 08:31:09 AM

Title: China is going to stand by the US T bill
Post by: Pat on July 08, 2010, 08:31:09 AM

Quote

China has delivered a qualified vote of confidence in the dollar and US financial markets, ruling out the “nuclear option” of dumping its huge holdings of US government debt accumulated over the last decade.

http://www.ft.com/cms/s/0/5f038fc8-89a3-11df-9ea6-00144feab49a.html

when does flying pig season open?

Title: Re: China is going to stand by the US T bill
Post by: NHSparky on July 08, 2010, 10:17:27 AM

Of course they're going to stand by them, because dumping them means they then become basically worthless.