European Tribune - Comments - Bubbles and Balances

Bubbles and Balances | 10 comments (10 topical, editorial, 0 hidden)

Holders of US funny-money will do what creditors have always done with defaulters: repossess. There are plenty of US assets capable of being exchanged for their paper.

by ATinNM on Sat Sep 8th, 2007 at 10:58:55 PM EST

Re: Bubbles and Balances (4.00 / 2)

Compared to china's dollar holdings, $48b is a drop in the ocean. I still think that china regards it as a marker on America at some point, probably for good behaviour over Iran or, failing that, the return of Taiwan.

It will be more interesting if the withdawal continues at this rate cos at some point the value of the dollar will fall, threatening the value of the chinese holding. It will be interesting to see what the Chinese do then.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sat Sep 15th, 2007 at 12:09:46 PM EST
[ Parent ]

Bubbles and Balances | 10 comments (10 topical, 0 editorial, 0 hidden)

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