not wonder what China is up to..., this time...
When we began "the housing crisis" China stopped buying FMae&FMac RE securities and shifted all of their foreign trade surplus dollars over into TBills. It was only at the first of this year that China started to purchase more RE securities.
Now, they, unlike Japan & the UK...
explain to U.S. how two countries that are in terrible economic shape can "afford" to increase their TBill holding with U.S., and China who NEEDS to have U.S. buy more stuff for Christmas...
are now dumping [y]our TBills...???
So, who is buying TBills which are used to fund the Federal Deficits...??
Strange world we now live in..., said Alice, to her cat.
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China sold U.S. government bonds in June for the second straight month
http://wallstreet.blogs.
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China US debt holdings lowest level in a year: Treasury
http://sg.news.yahoo.com/afp/20100816/tbs-us-economy-finance-bonds-china-ec2362a.html
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