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To: pogohere who wrote (66097)	7/6/2009 12:36:54 PM
From: LLCF	Respond to of 78419

<Is there a compelling reason to believe the Chinese are still holding all the US treasuries they bought?> Yea, who else is holding them? We know someone is. DAK

To: pogohere who wrote (66097)	7/14/2009 5:11:20 PM
From: Earlie	Read Replies (2) \| Respond to of 78419

Hi Pogohere: It is not always easy to know what China is doing. Yes, there are some excellent "China watchers", but the Chinese government, (like many others) often issues stats that seem to suggest one thing but when the details are examined, provide quite a different story. (g) I think China realizes that it has a huge problem with regard to its massive US bond holding and is doing what it can to reduce the risk. One thing we do know is that China has sent its emissaries world-wide with simple instructions.... buy anything that is concrete and has value.... so long as you can buy it with US dollars. This procedure makes a lot of sense to me as it gives the Chinese government a modest opportunity to reduce its exposure to a coming US dollar/US treasury crunch. Best, Earlie