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

To: Bearcatbob who wrote (300965)	4/14/2009 4:40:26 PM
From: DMaA	Read Replies (1) \| Respond to of 793928

Vroooom.....SCREEECH.....Vrooooom.....SCREEECH Fasten your seat belts.

To: Bearcatbob who wrote (300965)	4/15/2009 5:42:19 AM
From: Brumar89	Respond to of 793928

Re. the bond market, looks like China's lending window is closing: "...Reversing its role as the world's fastest growing buyer of US Treasuries and other foreign bonds, the Chinese government actually sold bonds heavily in January and February before resuming purchases in March, according to data released during the weekend by China's central bank. Take the figures reported by the Chinese central bank in the article above and compare them to official figures from the US Treasury Financial Management Service and the simple analysis is telling. In the first quarter of 2008, the Chinese purchased $153.9 billion US Treasuries funding a massive 74.7% of our $205.9 billion in deficit spending for that period. In the first quarter of 2009, the Chinese purchased a net $7.7 billion US Treasuries funding a mere 2.7% of our $276.3 billion deficit for the period. ...." americanthinker.com livemint.com