Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: steve harris who wrote (463792)	3/14/2009 1:06:05 PM
From: Wharf Rat	Read Replies (3) \| Respond to of 1578978

No; it's cuz the last idiot broke the world. It ain't smart to scare yer banker. China expresses worry over U.S. bonds BEIJING, March 13 (UPI) -- Chinese Premier Wen Jiabao said he was worried about the U.S. economy, was keeping an eye on policies in Washington and, if needed, had "ammunition" to help. Wen said China would keep its goal of 8 percent growth for 2009 but sounded a cooperative if cautionary note at a news conference in Beijing, noting the U.S. economy was still the world's largest. If needed, "we have reserved adequate ammunition. We can at any time introduce new stimulus policies," Wen said in a Wall Street Journal report Friday. Wen also said China had "lent a huge amount of money to the U.S., so of course we are concerned about the safety of our assets." The New York Times said about $1 trillion of China's currency reserves were invested in U.S. Treasury bonds. Analysts said currency values are of enormous concern. The dollar has been rising for 13 months. If it turns lower, China would stand to lose. "In the short run, the dollar is appreciating," economist Bai Chong-En, Tsinghua University told the Times. "But ... if the American stimulus package is financed mainly by borrowing, then that may affect the future value of Treasury securities," he said. 'Sorry' doesn't cut it for Madoff victims timesoftheinternet.com