Quote:
Originally Posted by Northern Boy
if you are unaware China just sold 34.2 billion in treasury bonds they still have roughly 770 billion in them also the auction for treasury bonds last week went over like a lead ballon forcing the FED to raise interest rates its not looking good Citi just called me today my CC payment hasen`t been made yet its ( days overdue and they need the money
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I wonder if this was done in response to Obama's meeting with the Dalai Lama. I'd like to figure out why the Japanese, whose recently elected government hates the dollar, bought it from the Chinese. They know it's garbage but are they trying to prop up the dollar to keep us (their market) from going bust?
Sorry if I'm wandering off topic here.