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Bearish View in Korea (National pension fund said they will sell their treasuries)
Wall Street Journal ^ | 1/20/08 | Evan Ramstad

Posted on 01/20/2009 9:27:06 AM PST by Golddigger3

An investment manager at South Korea's national pension fund said Monday it might sell U.S. Treasurys because of the prospect that they will become less profitable and stoke inflation.

With the statement, South Korea's largest investor added its voice to a group of investors and analysts who in recent weeks have expressed a bearish view on U.S. government debt.

Some economists and analysts have been expecting such a change in market sentiment for months and have been warning that it holds risks to the value of the U.S. dollar. . . .

Mr. Kim reiterated his view. "Because the U.S. government is trying to mobilize a big stimulus plan, we don't know the exact time but probably before the end of this year, it will cause inflation," he said.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Culture/Society
KEYWORDS: moneylink

1 posted on 01/20/2009 9:27:06 AM PST by Golddigger3
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To: Golddigger3

With Marxists in control of the U.S. Government, it is understandable that other nations will no longer trust investments in America.


2 posted on 01/20/2009 9:29:20 AM PST by Enterprise (A Representive Republic - gone now. Foolish people.)
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To: Golddigger3

As of a few minutes ago, its officially obama’s fault.

The way he flubbed the oath and harsh tone of his speech its not a good sign on what is about to happen.


3 posted on 01/20/2009 9:30:55 AM PST by Doug TX
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To: Golddigger3

So Peter Schiff’s latest prediction starts one Zero’s coronation, fitting


4 posted on 01/20/2009 9:31:41 AM PST by wastoute
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To: Golddigger3

>>An investment manager at South Korea’s national pension fund said Monday it might sell U.S. Treasurys because of the prospect that they will become less profitable and stoke inflation.<<

That seems contradictory - wouldn’t Treasurys have to go up in order to cause inflation in South Korea? If treasurys stop being profitable and Korea has large holding that would seem to decrease money coming into Korea and cause, if anything, deflation.


5 posted on 01/20/2009 9:31:48 AM PST by gondramB (Preach the Gospel at all times, and when necessary, use words.)
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To: wastoute

You mean his bond bubble prediction?


6 posted on 01/20/2009 9:33:12 AM PST by OB1kNOb (Day One of the new Atlas Shrugged Administration.)
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To: Doug TX

The Beast arises. We are a Demonrat party nation now and it is the end of the myth they had going and, unfortunately, this nation as well.


7 posted on 01/20/2009 9:33:36 AM PST by bushfamfan (United States of America: July 4, 1776-November 4, 2008)
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To: OB1kNOb

Exactly, the bond bubble bursts today


8 posted on 01/20/2009 9:46:44 AM PST by wastoute
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To: gondramB

In any large movement one doesn’t want to be in the crowd, you just get trampled. South Korea seems to be getting ready to be one of the first to get out of the way of the collapse of US Treasuries


9 posted on 01/20/2009 9:48:30 AM PST by wastoute
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To: wastoute
China Rejiggers U.S. Treasury Mix (Putting themselves in position to "exit quickly")

Look who's right behind South Korea.

10 posted on 01/20/2009 9:53:04 AM PST by OB1kNOb (Day One of the new Atlas Shrugged Administration.)
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To: wastoute

Pulling the “tripwire” of US Troops out of SK would be an interesting counter move. There is bold talk between NK and SK of late...sabres rattling.

Maybe the South wants reassurances quickly? If we are gone, that puts SK on their own.


11 posted on 01/20/2009 9:58:10 AM PST by Frank Sheed (Fr. V. R. Capodanno, Lt, USN, Catholic Chaplain. 3rd/5th, 1st Marine Div., FMF. MOH, posthumously.)
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To: Frank Sheed

With Zero in the WhiteHouse US troops aren’t a tripwire, they are hardly a speedbump


12 posted on 01/20/2009 10:03:08 AM PST by wastoute
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To: Frank Sheed

Here’s a YouTube video that shows the Fed Vice-Chair refusing to tell a congessman who exactly got the 1.4 trillion, but he does admit that WE are paying other countries to prop up the dollar:

http://www.youtube.com/watch?v=Mj0JAfq4esk


13 posted on 01/20/2009 10:04:10 AM PST by Golddigger3
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To: Enterprise; Doug TX; wastoute; gondramB; OB1kNOb; bushfamfan

Here’s a YouTube video that shows the Fed Vice-Chair refusing to tell a congessman who exactly got the 1.4 trillion, but he does admit that WE are paying other countries to prop up the dollar:

http://www.youtube.com/watch?v=Mj0JAfq4esk


14 posted on 01/20/2009 10:05:15 AM PST by Golddigger3
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To: wastoute
"Exactly, the bond bubble bursts today"

I've read that when this happens, hyper-inflation will begin. What do you think?

15 posted on 01/20/2009 10:35:50 AM PST by blam
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To: blam

Oh, yeah


16 posted on 01/20/2009 11:39:51 AM PST by wastoute
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