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More for you, Ben! - Hu
Maniacal Monetizers continue printing and buying our own debt, we are now the #1 lender to ourselves. Wow you ever seen someone going thru the throes of heroin cold turkey? Not a pretty sight....hell awaits.
And there goes the /dx and any hope of me getting out of my slv puts for anything over 50$. Now I can go buy myself a ham sandwich and a beverage, that is, if i can find an old lady to rob.
And what did they do with this new found wealth?
Bought oil and gold I sure.
They went for security and bought Euro bonds... :)
Perhaps the Monetary Union won't be long-lived as explained by Mr. Farage.
May it come down.. Bring it down, baby, all of it!!
Chinese are buying their piece of Europe too, yes, theyre already done busting out the US with loan binges.
Are you saying that it might blow in their faces?
Actually they invested it in a money market mutual fund, then re-invested the earnings into foreign currency accounts with compounding interest..... aaaaaaaand its gone.
they bailed out greece and other 3rd world economies...and bought Africa.
Well they do have Bill Gross doing analysis for them - and for free.
Anyone know how bonds have been able to maintain their rally despite these big sellers (Pimco & China)? Its not just the Fed...
Don't forget Japan
It is all coming together. Patience guys, long way to go. A little bit at a time until it all blows up.
If I were them, I'd be dumping the dollar just it a little bit (maybe a lot) faster than that.
bought physical gold
i think this might actually have been a real dip.
Nevertheless, Ben can stop buying Treasuries anytime he likes. Oh yes. He doesn't have a printing problem, and what's more he definitely isn't in denial about it.
An apparent decline in Chinese holdings... till the inevitible revision.
So you think theyre actually buying more?
They are buying via the UK. Expect another series revision this summer.
WHen I studied this: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/... that also made me think how reliable the data is? How the chinese treausry holdings jumped $300 billion because of reporting issues or what? I mean, either they borrowed 800 billion or 1100 billion, no matter how it is reported. But I guess this belongs to the giant ponzi scheme
The nominal total is less important except to those who trade the headlines. China's F/X reserves grow very month, and at the end of year if their US bond holdings have not increased by at least the same % then they are in effect diversifying away from US government debt.
Is this the real reason copper prices have fallen off a cliff the past month? No more "copper as financing" in China as regulators there actually do their job, unlike ours?
So, from the Oct peak to March, the Chinese reduced their holdings by less than 2.6%, (or 6.2% annualized if the trend continues at this pace).
They are on the move.
Takes awhile to turn a big ship around.
I don't trust any numbers coming from the Treasury at this point. China is buying up Africa, South America, etc... Plus, they have their own little real estate bubble popping now. I imagine the number is much greater than -6%, but we will never know. We are living in the Orwellian "1984" nightmare now.
Agreed. I don't trust much out of our own gov't either.
I haven't traveled on a commercial flight since they've started the rape downs. Unfortunately, most of my countrymen are too sheepish to take a stand.
OMFG! The Chinese are selling! The Chinese are selling! Who will buy our Treasuries now!
Last time I checked, anybody who sold Treasuries short lately has lost their a$$
You mean like the PD's who've flipped hundreds of billions of them to Ben in recent months? I reckon they've done rather well selling treasuries, actually.
At last - some sanity from the Chinese.
Watch the rest follow suit - I fear the Dollar is in real trouble....
You cant cause too much trouble for the dollar if your mercantilist economy and riot prone populace depend on it.
can anyone explain why they were at lows in mid 2010, gained, and are now falling? what could have been the mindset of the chinese to increase holdings towards the end of 2010?
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