Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hoa Hao who wrote (257626)	7/12/2008 10:09:46 PM
From: rich evans	Read Replies (1) of 793955

China is our friend and benefactor. They have a huge trade deficit which they return to the US in investments in FNM, FRE , US Treasuries , buildings, companies- you name it. We can not let them get screwed. This relationship is wonderful for us. They sell us their goods, we give them dollars, they invest the dollars in US making up for our poor savings rate. As Bernanke, Beis, Greenspan etc have all said in their speeches on the Fed Web site- the current account deficit must equal the capital account surplus. Bail Fannie and Freddie out is the only alternative for the foreign holders of their debt and the US holders. How many of us hold GSE debt thru our money market accounts? There are three type accounts: Corp debt- GSE debt and Treasuries. I suggest you switch to treasuries tomorrow. God Bless America rich

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next