Thomas Wagner

Why China Will Continue to Buy U.S. Treasuries

I wrote about this senario several months ago and at the time no one believed that the chinese would contemplate selling there Treasuries. I see them trading them for commodities and investments in latin america and africa. I continue to be amazed at the sheer audacity of the Americans who state " they have to buy, were are they going to go". If this continues were on track for 14% interest rates and double digit inflation. A Chinese sell off of treasuries will make the 1974 oil shock look like a walk in the park.