Posted on 12/16/2016 9:20:23 PM PST by Rabin
China’s U.S. Treasuries declined to the lowest in more than six years. Japan overtook China as America’s top foreign creditor. The two nations account for 37 percent of America’s foreign debt holdings.
(Excerpt) Read more at the-japan-news.com ...
Rab
And the ChiComs were flying their bombers around Taiwan prior to the call also.
China essentially got out of much of their dollar denominated investments before the value of the dollar soared. Gives my heart a warm feeling.
Ummm, I assume this means China is dumping our debt...
They tried to rattle our chain but they can’t afford a beating over it than we could. Despite obamas crack down on energy our production and new found reserves and the election of trump have sent the dollar up. Someone in China feels stupid right now as they evidently swapped a lot of it for gold.
Nobody asked me, but I feel much better knowing large amounts of U.S. Treasuries are owned by Japan instead of having them owned by China. Japan is not as tempermental and harsh with the rhetoric.
They are dumping treasuries to shore up their currency. IMHO they are in trouble with their own economy.
Be a shame if the Chicoms started a war and we had to confiscate their holdings.
It’s better to have our debt owned by a putative ally than a certain enemy.
“They are dumping treasuries to shore up their currency. IMHO they are in trouble with their own economy.”
My opinion as well. And I do not trust their claim that Chinese GDP came in exactly as expected. They are waging a new round of currency manipulation via selling US debt. Don’t think that Donald and his crew are unaware.
“Japan overtakes China as largest holder of US Treasuries”
Do we have a winner? (cough, cough)
I wouldn’t trust the Chinese if they told me water was wet.
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