China has bought into our system. An ancient people that historically had great mistrust for the West. They have as much to lose as we do. They put their money on us and this system.
Agreed, just about same amount of cash as US Treasury, less the printing press. I wonder to what extent they can influence rates, here...
My last two brain cells are in an argument...please enlighten me on why gold dropped and what we are all too stupid to figure out. While you're at it, why did natural gas plunge ~30% in a month?
Freddie and Fannie rely on foreign institutions. Investors and central banks outside the U.S. own about $1.3 trillion of Fannie and Freddieââ¬â¢s corporate and mortgage bonds, according to the Treasury. Chinese institutions are the biggest holders in Asia. European investors own $300 billion of the securities.
No, actually China can't afford to have USA collapse so they will play along until they can stop being reliant on the US consumer. While US cannot afford to have China do that. The powers here are working hard to push the dollar down the tubes for a good reason.
I do not know what ET investors have won or lost or plain gotten jerked around, but stocks bagged hefty gains today. The jump, in what appeared to be big volume, lent a boost to the fledgling rally confirmed July 29. Furthermore, we continue to see sectors rotate as commodities, energy and agriculture issues are the worst performers - while airlines, biotech and retailers forge ahead. Use astral projection charts - if you will, but what the market is saying with price and volume couldn't be clearer. Pay$