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

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To: orkrious who wrote (9215)3/2/2004 7:42:15 PM
From: mishedlo  Read Replies (2) of 110194
 
Greenspan says days numbered for Japan, China dollar-buying
WTF?
Is Greenspan begging for a lower US$?
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Greenspan says days numbered for Japan, China dollar-buying
WASHINGTON (AFP) - Japan and China must curb massive intervention to depress their currencies or face far-reaching economic consequences, Federal Reserve chairman Alan Greenspan warned.

Combined, the two Asian economies had built up more than a trillion dollars in US assets in a frenetic buying spree: an "awesome" 650 billion dollars for Japan and 420 billion dollars for China, Greenspan said.

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