Posted on 05/16/2015 7:45:29 PM PDT by Steelfish
China Retakes Top Spot as the Biggest Foreign Owner of U.S. Debt
By IAN TALLEY
It was a short-lived domination. After just a month of being the top holder of U.S. Treasury debt, Japan has once again been pushed into the No.2 slot as China bulked up on Uncle Sam’s bonds and notes.
As we noted last month – and several times before that – Treasury’s data is a rough guesstimate. That makes it hard for analysts sifting through the obscure sheaves of digital data to glean anything but rough trends. It also makes it difficult to draw precise conclusions.
February data published last month raised questions about whether Japan really did overtake China as the No.1 holder of American debt, as different tables revealed conflicting results.
But in this month’s release of March data, released late Friday, the tables (here, here, here, here and here) all tell the same story: China is the top holder.
(Excerpt) Read more at blogs.wsj.com ...
Suckers.
They must figure we have weathered the Obama O’conomy and collapse is no longer imminent....
For now.
lol. You just don’t want to be at the bottom of the Ponzi scheme.
But I still hope for a victory in 2016 and by some miracle we can turn this mess around.
I guess it looked as grim during the depression or I 1941.
Woo Hoo!!!
(Come to think of it,.... I wonder how much we DO owe Mr. Woo and Mr Hu.)
Ban them from loaning us any more.
Two things. Having a piece of the country’s debt, allows them some measure of controlling policy that favours them. Second, they’ve probably made their money back overall in interest so now, for them, it’s not really a cost anymore.
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