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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (2694)	3/22/2004 8:54:38 PM
From: mishedlo	Respond to of 116555

What do you think is the impact of the Chinese holding large bank deposits instead of Treasuries? They want the money to buy soybeans, oil, copper, and steel. JW was speculating they needed to sell treasurires to do that, but my contention was thet they needed to do no such thing. Balance of trade and currency reserves gives them the cash they need for commodities IMO. In the meantime, being pegged to the US$ they are doing quite well in the treasuries they do hold. Mish

To: Elroy Jetson who wrote (2694)	3/22/2004 9:04:12 PM
From: mishedlo	Respond to of 116555

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