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Posts Tagged ‘Shimominami’

Why Would China and Japan Stop Buying Our Debt?

Posted by Larry Doyle on February 17th, 2010 12:19 PM |

Our wizards in Washington should not be so naive to think foreign buyers, especially from Asia, will continue to finance our debt at current rates and at current levels. News yesterday that China is no longer the largest holder of our Treasury debt should not be discounted.

What are the ramifications for our nation if China and other foreign buyers decline to purchase our debt or – even worse – actually start selling even more of their current holdings? A quick and violent move higher in our domestic interest rates.

Don’t think it could happen? Think again. (more…)






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