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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (434771)	11/13/2008 7:14:41 PM
From: tejek	Read Replies (1) \| Respond to of 1577100

Then once the Olympics ended.....nada. China has not come back into the world markets for commodities in 3-4 months." Yep. And that is reflected in the wave of factory closings sweeping across China. And that means we have a huge problem on our hands. I don't see how China will be buying our government bonds in any quantity. Nor do I see any others stepping up to the plate. In addition, our government is committing itself to spending massive amounts of money to keep the international financial system from melting down. Its definitely bad but not completely dire yet. From what I understand, China still has considerable foreign currency reserves in spite of its $586 billion stimulus package.....trillions from what I understand. And there are the Saudis and other oil producing Arabs. They have massive reserves too. I guess I am sounding a bit desperate so I will stop here.