Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (17262)	3/23/2002 10:06:08 AM
From: TobagoJack	of 74559

Hi Elmat, <<Printing money as long as there are foreign takers>> According to Business Week April 1st edition, for 2001, China plus Hong Kong poured USD 92 bil into US treasuries and corporates, against USD 59 bil by the Japanese. The US current account deficit was USD 412 bil. Trade deficit with China was USD 83 bil. I do not believe tariffs and trade wars are wise. What do you think? OTOH, the Japanese are much more dependable as a creditor because they have everything (infrastructure etc) and China much less so, because China will soon need a lot of money for just about everything, and for paying me:0) China's gold reserve as percentage of total reserve is only 3%, is thinking of going heavier on Euro, and has just signed a swap agreement with Japan Central Bank. Do not know how matters will work out, but gad, again, trade wars are bad for business. Chugs, Jay

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