To: Principled
If they dumped them all, it would be less than the US treasury sells in a single year. Now if china, japan, hong kong and britain dumped them all together, it might collapse the market, but even then, I'm not sure if it would or would not. A bigger threat is the US banks and hedge funds dumping treasuries via derivatives leveraged at 20-1 or more. The hedge funds could mount a concerted 10 trillion dollar attack on virtually any market via derivatives, but even they can be punished by the market if they are wrong.
43 posted on
07/29/2002 10:21:02 PM PDT by
staytrue
To: staytrue
Looks like we're on the same page here.
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