By: Geoff Dyer. Full article may be read here.
Blogger Comment: China’s near $2,000bn (£1,380bn, €1,560bn) in reserves, the world’s largest, are often viewed outside the country as a great strength – an insurance policy against economic turbulence. But within China, they are increasingly seen by the public and even some policymakers as something of an albatross – a huge pool of resources not being used at home that will plunge in value if the US dollar collapses. Why, people ask, should such a relatively poor country bankroll such a rich one?
Sunday, February 22
Bloomberg: Clinton Urges China to Keep Buying U.S. Treasury Securities
By: Indira A.R. Lakshmanan; Full Article May Be Read Here
Blogger Commetn: Hu? Hey, its Hill. If you could go ahead and keep purchasing our irresponsible debt, that would be great. See ya at the G-20, give my love to Wen Jaibao. Kisses, Hill
Blogger Commetn: Hu? Hey, its Hill. If you could go ahead and keep purchasing our irresponsible debt, that would be great. See ya at the G-20, give my love to Wen Jaibao. Kisses, Hill
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