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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (4407)1/5/2004 12:05:50 PM
From: russwinter  Read Replies (1) of 110194
 
<In September, Japan increased its holdings of U.S. Treasuries by $17.5 billion to $501.9 billion and China boosted its holdings by $4.3 billion to $141.9 billion.>

This reporter has his dates wrongs, should be October, not Sept.

<Asian central banks are defending their currencies>

And lining the pockets of speculators who are taking their Yen and Yuan. The very worst form of crony merchantalism, and wealth transfer to wealthy institutions ("exporters"), and all taken out of the hides of average Asians and American labor.
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