china debt servicing may end 2008

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date china debt servicing may end 2008 Wu Tang 06-12-2007  Re: china debt servicing may end 2008 joeNOSPAM@bea.c... 06-13-2007
Posted by Wu Tang on June 12, 2007, 5:11 am here's an interesting point of view that any individual investor may need to know "..China may well do all that it can, which is significant given that the country is projected to have an estimated US$1.7 trillion in foreign-exchange reserves by the end of 2007, to preserve the vitality of the US economy through the 2008 Beijing Summer Olympics. But after this it may become increasingly obvious that China cannot sustain both its own domestic concerns with the ongoing drain represented by servicing US debt. If such a moment comes, Americans may wish that the US Congress had acted in 2007 ..." http://www.atimes.com/atimes/China_Business/IF12Cb03.html Posted by joeNOSPAM@bea.com on June 13, 2007, 4:56 am > here's an interesting point of view that any individual investor may need to know > > "..China may well do all that it can, which is significant given that the country is > projected to have an estimated US$1.7 trillion in foreign-exchange reserves by the end > of 2007, to preserve the vitality of the US economy through the 2008 Beijing Summer > Olympics. But after this it may become increasingly obvious that China cannot sustain > both its own domestic concerns with the ongoing drain represented by servicing US > debt. If such a moment comes, Americans may wish that the US Congress had acted in > 2007 ..." > > http://www.atimes.com/atimes/China_Business/IF12Cb03.html feh. China holds so much U.S. paper that they have an iron-clad interest in nurturing the value of the dollar, and they are inextricably tied to their markets, so they will continue to amass dollars and have to do *something* with them, whereby they ultimately come back to the U.S. in some way or other. China is no problem. The problem is U.S.'s own spendthrift government. The not-yet-born have no lobbyists. ======================================= MODERATOR'S COMMENT: Posters to this thread should relate comments to general financial planning. Similar Threads Posted Goodbye, 2008 December 28, 2008, 2:45 am 2008 IRA contribution limits? December 18, 2006, 2:45 pm Re: Question about 2008 rollover from 401(k) to IRA October 9, 2008, 1:35 pm Emergency Economic Stabilization Act of 2008 October 5, 2008, 12:32 am 25/11/2008 - The current Market Sentiment November 25, 2008, 5:04 am May 2008 (EBITDA) Is that a good time TO INVEST in R.E. ? May 20, 2008, 3:08 pm Debt collection November 11, 2008, 7:19 pm Kiyosaki and "good" debt November 4, 2006, 9:18 am Debt Management Advice February 19, 2007, 12:53 pm Debt repayment or savings/invest? August 16, 2007, 5:53 pm