canb888

China Gets It Right, But Hurts America

My opinion posted yesterday is coroborated by this news today:
"BEIJING, Nov. 14 (UPI) -- China's 4-trillion yuan, or $586 billion, economic stimulus plan is to be partly funded by a 1 trillion yuan treasury bond issue, officials said...."
Link: www.upi.com/Business_N.../

On Nov 13 04:32 AM canb888 wrote:

> JIMHO, China
> will use cash surplus and issue local currency debt if needed to
> fund the stimulus and continue to hold huge amount of US Treasury
> papers.