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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (105071)11/30/2009 2:21:23 PM
From: John McCarthy  Respond to of 116555
 
Hawk

No argument.

(I think) - Dubai just proved your point.

But suppose - just suppose - China/India/Russia see
the handwriting on the wall ....

They would need TIME to re-adjust. And China needs
xtra time because we are their port of call for their
goods .... so they need to 'replace' us with ??.

In addition - was China's stimulus a game changer or
a black hole - I don't know.

If anything - based on Dubai - I would wish that our
Treasury would sell a GAD_ZILLION treasuries so as to
keep future interest payments as low as possible.

IOW - do what Ford did before the auto collapse.

(We need the foreign money anyway - so get it while
the gettin is good)

In closing - your point is dead on.

I am watching the FDIC.

It will be interesting (perhaps) to see how much
the Treasury needs to accomodate their needs in 2010.

regards
John