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

To: zonder who wrote (13502)10/15/2004 9:31:25 AM
From: Tommaso  Respond to of 116555
 
That was not the issue. The issue was whether the banks are buying treasuries in order to help Bush get elected.



To: zonder who wrote (13502)10/15/2004 9:41:33 AM
From: zonder  Read Replies (5) | Respond to of 116555
 
The answer to that is "No". The proof is the chart of foreign USD reserves. Asian central banks' hunger for US treasuries began at this pace years ago.

Anyway, contributing a couple of hundred million to Bush's campaign would be much more helpful to his reelection than spending billions and billions on USD securities, even if Asian countries felt they absolutely had to insure four more years of Bush, which I cannot really see.


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