
05-03-2009, 06:36 AM
|
 |
Guru
|
|
Join Date: Mar 2009
Location: NY
Posts: 4,248
|
|
Quote:
Originally Posted by White Rabbit
Just a short comment on China's reserves of US Treasuries...
When you owe the bank a million dollars, you have a problem. When you owe the bank 100 billion dollars, the bank has a problem.
China is the bank, US is the debtor. China has a problem here, not a weapon.
|
Pretty good analysis 
|