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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (732)9/22/2003 7:17:31 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
on Chinese yuan-denominated debt issuance...

this is no different from 1973-1975 USTBond issuance to Saudis and other Gulf sheikdoms, in recycling their petrodollar surpluses

in the following years, they lost 20-40% from a combination of currency shift and rising interest rates

China is taking this page out of our book !!!
/ jim
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