Except for US Treasuries, what can you hold? Gold? You don't hold Japanese government bonds or UK bonds. US Treasuries are the safe haven...it is the only noption. We hate you guys. Once you start issuing $1 trillion-$2 trillion...we know the dollar is going to depreciate, so we hate you guys but there's nothing much we can do..."
Thursday, February 12, 2009
We hate you guys...but...
A senior Chinese financial regulator, from today's FT, on whether his government will continue to buy US Treasuries:
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