Posted: Mon May 21, 2007 9:20 am Post subject: China shifts foreign reserves into private investment
This spells disaster for the US economy. China has $1.2 trillion in foreign reserves. Much of that money is in the form of US treasury bills. If China begins selling large amounts of T-bills you will see American interest rates rise and the US economy will enter a recession. It will be interesting to see just how many companies the Chinese decide to take a stake in. $1.2 trillion will buy a large chunk of the TSE.
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China shifts foreign reserves into private investment