Just a couple of quick links from the “it’s probably nothing” pile.
China Needs U.S. Guarantees for Treasuries, Yu Says. What does it mean, I wonder, to “guarantee” a Treasury bond?
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LinksJust a couple of quick links from the “it’s probably nothing” pile. China Needs U.S. Guarantees for Treasuries, Yu Says. What does it mean, I wonder, to “guarantee” a Treasury bond? 1 comment to LinksLeave a ReplyYou must be logged in to post a comment. |
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The China thing is just insane. They have been forcibly keeping their currency undervalued relative to the US dollar; even if the US economy was perfectly healthy, eventually they were going to have to let their currency strengthen, effectively reducing the value of their dollar reserves. They seem to be saying that they are the only ones allowed to intervene in the value of their currency for their own perceived advantage.