Posted on 02/10/2010 5:37:48 AM PST by blam
David Goldman: China's Dumping Of US Assets Means A Coming Spike In Borrowing Costs
Joe Weisenthal
Feb. 10, 2010, 8:14 AM
Last night on Kudlow, credit analyst David Goldman discussed the news that China is dumping any US fixed-income assets that aren't explicitly backed by the government.
What does this mean? Trouble for banks and big increases in borrowing costs for businesses. His comments come around the 11:00 mark. Before that Greece is discussed, which is also worthwhile.
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(Excerpt) Read more at businessinsider.com ...
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