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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Haim R. Branisteanu who wrote (256432)8/18/2003 7:45:54 PM
From: Earlie  Read Replies (2) of 436258
 
Haim:

I agree completely and in fact, I think China is already positioned where it can exert serious pressure on US policy. Most folk are unaware that China is the second largest holder of US debt paper. And it has already threatened to convert some of it to gold. If they ever do this in a serious way, an already ugly financial situation in the US would become much nastier. Of course, it would also be expensive for China.

What amazes me is that very few investors seem to be concerned with respect to the remarkable acceleration that is taking place in the US economic deterioration. The massive deficits alone ought to be causing fear and trepitation but little of this is in evidence. Time is running out on the US and I can see no way to modulate the hit when it comes.

Best, Earlie
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