Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: BubbaFred who wrote (38852)	9/25/2003 11:54:31 PM
From: TobagoJack	Read Replies (1) of 74559

Hello BubbaFred, Private folks out here are distancing themselves from USD. Central banks are holding the position on USD and treasuries, in exchange for employment,. and funding for infrastructure sucked in by the growing economy. China buys 20-50 bil of US treasuries/debt in a year, nets 20 mm gain in employment, siphons 30-50 bil worth of FDI from the world, enables financing of infrastructure/housing and satisfies a 200-year pent-up demand, while the US treasury pays a 5% yield, in part subsidized by J6P and his home. The drama is complicated, and I do not know whether dumb/smart comes into play, only necessity and self-interest dictates actions. Chugs, Jay

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