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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Cogito Ergo Sum who wrote (43547)12/18/2003 3:34:45 AM
From: macavity   of 74559
 
Any central banker who holds US Tresury Debt, or mortgage debt, as part of their reserves should be struck off, IMO.

This is my worry with the Asian CBs.
Asia has a personal savings surplus and then the Central Banks go and buy USTs which Greenspan is trying to make worthless.

TEOTWAWKI is happening.
The catch is the US as a net debtor is doing all it can (logically) to reward debtors over savers. The Asian CBs driven by political pressure are just sitting there losing out.

Winning battles to lose the war.

-macavity
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