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User ID: 1092094 France 09/07/2010 11:22 AM Report Abusive Post Report Copyright Violation | Thank You Treasury Bubble, China Can't Nuke The Bond Market Anymore Remember when economic observers warned that China's massive accumulation of U.S. government bonds meant that it could threaten to cause an American debt crisis?
This was known as China's 'nuclear option', given that it would also cause economic damage to China itself, but it was a concern since China's massive debt holdings were seen as a stranglehold on the U.S. financial system which China could exert at any moment it pleased.
Well the nuclear option has been disarmed... [ link to www.businessinsider.com] |
Cactus Mark
User ID: 1092037 United States 09/07/2010 11:31 AM Report Abusive Post Report Copyright Violation | Re: Thank You Treasury Bubble, China Can't Nuke The Bond Market Anymore Ah, some happy anti-doom. Just what I needed. Thanks OP. |
Anonymous Coward User ID: 1089026 United States 09/07/2010 11:31 AM Report Abusive Post Report Copyright Violation | Re: Thank You Treasury Bubble, China Can't Nuke The Bond Market Anymore I guessed the reason before clicking the link.
Not good at all.
The bankers have set up a straw directly on our jugular vein. |
FreedomSheep (OP)
User ID: 1092094 France 09/07/2010 11:33 AM Report Abusive Post Report Copyright Violation | Re: Thank You Treasury Bubble, China Can't Nuke The Bond Market Anymore
Ah, some happy anti-doom. Just what I needed. Thanks OP.
Quoting: Cactus MarkWell, will see if the bond holders won't get stuck anytime due to somekind of "bank hollyday" or whatever event that would screw them away from their $$$... That smells fishy, i wouldn't make such a move. |