Monday, Feb 23, 2009
The name's Bond, Junk Bond.
Telegraph: Hillary Clinton pleads with China to buy US Treasuries as Japan looks on
US Secretary of State Hillary Clinton has pleaded with China to continue buying US Treasury bonds amid mounting fears that Washington may struggle to finance bank bail-outs and ballooning deficits over the next two years. "It's a safe investment. The United States has a well-deserved financial reputation," she told Chinese television stations at the end of her diplomatic tour of Asia. "We are truly going to rise and fall together. Our economies are so intertwined, the Chinese know that to start exporting again to their biggest market the United States has to take some very drastic measures with this stimulus package, which means we have to incur more debt," she said.
Posted by charlie brooker @ 12:37 AM (514 views) Add Comment
5 Comments
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1. sneaker said...
"It's a safe investment. The United States has a well-deserved financial reputation,"
Perhaps she can provide views and comments on the 10-year, 5-year, 2-year and 1-year performance of the US benchmark stock indices, because the ones I look at, in the strictest (i.e. scientific, and arithmetic) sense, leave me unable to comprehend this statement.
Would also be interesting to know what % of the Clintons' wealth is in US Stocks, US Real Estate and US Treasury Bonds.
Just so we know that her money is where her mouth is, to be absolutely sure we're all on the same page here.
2. japanese uncle said...
Former finance minister Shoichi Nakagawa had rejected any additional purchase of TB to add to the $700 billion portofolio in the nation's book of investment. Now everyone knows what happened to him a week ago. Yes, he was a well-known boozer, but it is known now that Reuter was informed the night before by one of the Japanese (female) reporters who joined his liquid lunch minutes before that disastrous press conference, that 'something interesting will happen at the TV interview tomorrow'. Besides the responsibility of the PM who appointed this helpless boozer as the finance minister, it's so obvious that something much more sinister than apparent was going on.
3. mountain goat said...
Today she pleads, tomorrow .... we find out why the USA is responsible for half the world's spending on "defense".
4. mountain goat said...
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