Thursday, February 18, 2010

The Chinese will not buy our debt...

...they are "diversifying" and are "calling their loans", thus destabilizing our governments ability to fund itself.


This is not true in theory or actuality. In addition, the Chinese have gone through periods before where they abruptly sell a significant quantity of Treasuries, only to see their demand for U.S. dollar denominated safe assets "increase" (to put it lightly).

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