One's Observations

A collection of some things I observe along the way.

Retrieving...

"If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,"

"Mr Cheng said the root cause of global imbalances is spending patterns in US (and UK) and China."(Telegraph Article)

1 comments:

Right-Wing Libertarian said...

We'd probably do well to pay attention to what the ChiComs do ... since they hold such a huge percentage of our debt. If they "diversify" by not buying any more dollar-based U.S. debt, Obama and his socialists will have yet another problem.

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