Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: elmatador	10/17/2004 4:48:41 AM
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India wants to stop subsidizing the US economy. Selling foreign reserves to invest in infrastructure <<India's foreign exchange reserves stood at $119.28 billion>> <<India's record foreign exchange reserves represent a large "opportunity cost", they say, since most is invested in low-yielding US Treasury bonds. "We are subsidising the American economy," said one official. "These are scarce resources that can be put to better use.">> What if other countries start dumping their foreign reserves to build infrastructure?

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