Will China End Its Co-Dependent Relationship with the U.S.? [View article]
Gosh I'm sick of hearing China complain.
They chose to intentionally deflate their currency beyond belief and restrict currency exchange. They chose to put 80+% into one bucket. They chose their reserve currency. If they wanted guarantees on their agency debt holdings, they should have bought treasuries with a smaller return. China has done all of this intentionally and then wants to portray a "poor China" image.
Last year my company started a fund to support earthquake victims in China. WHAT??! China is loaded with reserves. Why are we donating money?
Will China End Its Co-Dependent Relationship with the U.S.? [View article]
They chose to intentionally deflate their currency beyond belief and restrict currency exchange. They chose to put 80+% into one bucket. They chose their reserve currency. If they wanted guarantees on their agency debt holdings, they should have bought treasuries with a smaller return. China has done all of this intentionally and then wants to portray a "poor China" image.
Last year my company started a fund to support earthquake victims in China. WHAT??! China is loaded with reserves. Why are we donating money?