Senior Management: " We are concerned that the Chinese will reduce their purchases of US securities"
Me: "Why don't you just name them all 888-bonds?"
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Mille m...
5 years ago
5 comments:
I'll buy that for a Yuan!
Same goes for the Buick Hummer 88
LOL, you didn't get a phone call from HR for that comment?
At this point they've learned to ignore me.... :-)
The Chinease may be running out of money. After all, they have to buy US government bonds to cover our deficit spending, in addition to buying FRE/FNM bonds.
But tell Senior Management not to worry. The buyer of last resort, a.k.a. US Treasury, will step in. Unlike the Chinease, they don't need to have the money. They can always print more.
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