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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (13188)	8/25/2003 4:47:10 PM
From: Elroy Jetson	Respond to of 306849

I have been led to believe, by those economist who like poring through government trade reports, that China is holding a $385 billion trade surplus with the US - supposedly primarily in the form of Fannie Mae bonds. This might be Greenspan's ingenious plan: Create a real estate bubble; Home prices fall 50% or more; Fannie Mae bonds lose most of their value; problem solved. Of course a steep decline in the dollar would accomplish much of the same thing. But China's trade minister recently warned that there is no reason for China to hold dollar assets if the dollar starts to fall. Perhaps that in itself would precipitate the fall of the dollar.