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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (24741)8/8/2003 9:50:41 PM
From: Mannie  Read Replies (1) | Respond to of 89467
 
NEW YORK, Aug 8 (Reuters) - Chinese officials plan to tell U.S. Treasury Secretary John Snow they might reconsider the
country's hefty buying of Treasuries and U.S. agency debt if Washington doesn't cool its calls for China to revalue the yuan,
according to a report this week seen by market sources.

That is a potentially huge story, Scott. Thanks for posting it. Not a good time to racking up record debts. Iraq will prove costly in many ways. We are now in the position of having a country like China dictate economic terms to us. Excellent leadership we have.