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To: Enemy Of The State
China Becomes US Second Biggest Bondholder

Such is the legacy of a debtor nation that negotiates one way trade deals that inures to the benefit of the other side. The Chickens are coming home to roost.

10 posted on 07/29/2002 7:57:46 PM PDT by WRhine
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To: WRhine
Such is the legacy of a debtor nation that negotiates one way trade deals that inures to the benefit of the other side. The Chickens are coming home to roost.

They're not one-way trade deals. They're making us money. And the fact that they buy US bonds is a good thing, because it means we can continue to export inflation, and that they're reinjecting the money they make off trade deals back into the US economy. This is good all around. They could, afterall, stick the money all under some matress in Guangzhao. That would be bad.

58 posted on 07/30/2002 6:14:23 AM PDT by andy_card
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