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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Jim Willie CB who wrote (2681)3/22/2004 4:50:24 PM
From: mishedlo  Read Replies (1) of 116555
 
China will SOON begin redeeming USTBonds and GSE bonds for large purchases of industrial commodities

No chance and no need to.
They are sitting on a pile of US$.
Those will be used long before they go selling treasuries.
Why drive down the treasury price as long as they are pegged to the US$?

In other words SOON is WRONG!
Mish
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