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


To: studdog who wrote (59208)4/23/2006 4:56:13 PM
From: RJA_  Read Replies (1) | Respond to of 110194
 
>>Re: owing China
Reminds me of a J. Paul Getty quote: "If I owe the bank $100, that is my problem. If I owe the bank $1,000,000, now that's the bank's problem."

Sure, until you want to borrow again from another bank.



To: studdog who wrote (59208)4/23/2006 9:55:22 PM
From: TobagoJack  Respond to of 110194
 
but there is no problem, even at 4% interest, assuming china holds 70% in usd instruments, working out to be 65 mil per day, and as it mostly is short term paper, to be rolled over, then increasing as FED meets, with occasional drawdown for fields in nigeria and pools in indonesia