Wednesday, Oct 17, 2007
US long term IRs will have to rise
The Telegraph: Japan and China lead flight from the dollar
Japan and China led a record withdrawl of foreign funds from the United States in August, heightening fears of a fresh slide in the dollar and a spike in US bond yields.
Posted by sold 2 rent 1 @ 12:25 PM (369 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. dohousescrashinthewoods said...
- Mr. President, your tax-fudge debased currency has been rumbled.
Why did you debase your currency to avoid raisisng taxes?
- Because our nation doesn't create enough value to pay the money I want.
It's a good job we produce more than my lap-dog friends across the pond there.
I believe they are sticking to the line that they won't get hit by our problems.
Does anyone believe it?
- I believe most of them do, Sir.
- How cute. Pass me the "Teach yourself Chinese" manual, would you?
2. alan said...
I think the Chinese are smarting over the losses on US loans which they blame on Wall St. I believe they will set up their own loans/hedge funds because they know they can no longer trust the USA. Getting a good return on investment is one thing. Getting your invested cash back is another....
Can anyone tell me why they should keep their money in a currency that will devalue by (around) 10% over the next 18 months?