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

To: GST who wrote (49468)1/11/2006 3:52:14 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
I do not think China will dump treasuries anytime soon, but I do expect them to buy considerably less in the years ahead -- putting upward pressure on US interest rates.

One interesting characteristic of our time is that ideas once considered mad become the new conventional wisdom (for instance the idea that Asia will forever finance huge US trade deficits)

And then people discover that the original idea was crazy after all.


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