Monday, March 22, 2004

Alarming numbers

This data is freaky. Only because the Far East governments (Japan and China), not individual investors, who know better, are buying US debt instruments. The governments, of course, are doing so to keep the dollar from plummeting and so to avoid harm to their exports to the US. But at some point these governments may decide that enough's enough, that cutting their losses is better than continuing to ride a losing horse. When that happens...

No comments: