Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 692.06

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Feb 10 4:00 PM EST

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To: GROUND ZERO™ who wrote (22705)	8/3/2011 8:11:42 AM
From: DebtBomb	Read Replies (2) of 223128

What are we dip buying today? LOL. The clownie is going down the drain.... Seeing China recommend U.S. dollar depreciation while concurrently dumping U.S. dollar assets is nothing if not pragmatic - the writing is obviously on the wall. Their assessment is dire. The resolution of the debt-ceiling battle in the U.S. removes short-term risks for China, but reveals some long-term risks to its holdings of U.S. Treasurys, a state researcher wrote in a commentary piece published Tuesday. The debate over the debt ceiling shows that in the long run, U.S. political parties may choose to ignore the interests of creditors out of domestic political considerations, Li Xiangyang, a scholar at the state-run Chinese Academy of Social Sciences, wrote in the overseas edition of the People's Daily. Faced with a huge debt that it cannot resolve through fast growth, spending cuts or tax hikes, inflation or U.S. dollar depreciation may be the best choice for the U.S., Li said in the commentary piece. China therefore needs to reduce the concentration of U.S. dollar assets that it holds, Li said. blogs.wsj.com

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