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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (20180)10/18/2004 9:51:14 AM
From: Rarebird  Respond to of 110194
 
<Japan is the biggest foreign holder of U.S. debt followed by CHINA.>

China's foundation is nothing other than the internal US credit expansion, a creation of the US Federal Reserve and Americans' ability to borrow.

It may take another one to three years, but ahead lies an immense Chinese malinvestment debacle.