Quote:
Originally Posted by DurangoSteve
Japs? C'mon, that's pretty neanderthal, even by your "standards."
Take a look at this chart and tell me that our foreign creditors just got nervous about default. I need a laugh.
http://www.treas.gov/tic/mfh.txt |
Dsteve, if you actually new anything about international financing you'd know that they, yes the Japs, Ruskies, Chinks and Brazilians(can't think of a moniker that might offend you) have all met and are concerned with the US debt load and are looking for alternatives to t-bills. Several weeks ago in China when the question was posed to Geitner-"are US Securities a safe investment". He replied "absolutely" and the crowd laughed in his face.