HONG KONG China’s central bank is in a bind.
It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie...
“It is as if China has made a gift to the United States Navy of 200 brand new aircraft carriers.” –Chinese Blogger
When it rains, it POURS…
“China’s central bank is in a bind.
It has been on a buying binge in the United States over the last...
The move could make it less likely that China will allow the yuan to continue rising against the dollar and accepting an injection of capital from the finance ministry could also reduce the independence of the central bank, the report said.
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Blog-posts
Since China owns $1 trillion worth of U.S. Treasury bonds and $340 billion of mortgage-backed debt, when China gets a cold, the U.S. catches pneumonia. And -- as I posted -- when we think about the $800 billion bailout bazooka for Fannie Mae (NYSE:...
