U.S. debt considered risky by Chinese economists

Examiner.com ^ | July 28, 2009 | Martha

[usalady]

As Treasury Secretary Timothy Geithner visited China to calm their nerves about the huge debt being incurred by the United States, a survey of Chinese economists published on Sunday called its holdings of U.S. bonds as "risky."

[usalady]

According to ChinaGate, among the 23 experts in the survey, 17 said they believe U.S. equities post great risks to China's economy. The purpose of Geithner's trip is to try to convince the U.S.'s biggest creditor that its huge holding of bonds is safe.

[griswold3]

The ChiComs can do math. The math never lies.

[Constitutions Grandchild]

Yeah, it's a shame that a nation that was using an abacus two decades ago (and may still) has to tell all the hotshots in the US how to add and subtract (after all, we have Microsoft Excel). Positively deplorable.

Maybe we should all give our Congressmen and women an abacus — couldn't hurt.

[fso301]

The ChiComs can do math. The math never lies.

Yep. They sure can. I'm also sure they can recognize a good deal when they see it. In return for continued financing of US spending, what will they press hussein for in return; a recognition that Asia is wihin the Chinese sphere of influence, a free hand in Africa or something else?

[Trod Upon]

Hell, I know a lot of Americans who won’t touch U.S. treasuries (myself included). They’re going to be repaid with massively inflated dollars. Given present circumstances and 0bama regime actions, what other possibility is there?

[GOPJ]

The purpose of Geithner's trip is to try to convince the U.S.'s biggest creditor that its huge holding of bonds is safe.

If someone tells you they're NOT going to hurt you - they're going to hurt you.

If someone says you can trust them, you can't. (Honest people don't have to tell the obvious or cut off your still forming distrust)

And if our bonds were really safe, Geithner wouldn't have made the trip...