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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (118679)	6/7/2005 4:21:46 PM
From: aladin	Read Replies (1) \| Respond to of 793742

C2, My strategy is to hope for a soft landing on these issues, that the Chinese and others who hold T-bills as their reserves don't put the screws to us. Have you read Tom Clancy's The Bear and the Dragon? I think Tom gets it right on their being way more dependent on this relationship than we are - after all we can get everything we buy from China for only slightly more from somewhere else. They cannot find a ready replacement market of even half our size - it simply doesn't exist. But rather than postulate on who has who over a barrel, think of it as co-dependence. John