Wednesday, October 9, 2013

China and Japan will not dump treasuries!

http://www.bloomberg.com/news/2013-10-08/china-and-japan-aren-t-going-to-dump-treasuries.html
Wrong. People are still making this kind of argument. Fact is, pretty soon, China and Japan will not worry about that few trillion they've spent, but the trillions in the future that they need to spend to prop treasuries up.

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