Thursday, September 18, 2008

Oh Oh...

Sabre rattling or actual divestment?
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation
Is this a credible? China's liquidation of US greenbacks in one big swoop would hurt its own bottom line, but some partial liquidation as a negotiation tool....

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