Of course it applies, especially between countries. The reason the Chinese are so concerned is that they understand the position they are in. They can't stop buying Treasuries, because they risk us not being able to get money from elsewhere and then having to inflate our currency or renegotiate our debt. At the same time, they understand that the more dollar-denominated Treasuries they buy, the more they are in our pocket, rather than the other way around. They are betting their national savings on our debt-worthiness.
On Wed, Feb 11, 2009 at 9:12 PM, Gruss wrote: > > > Judah wrote: > > One of the paradoxical things is that you don't want to have someone > > owe you too much money. > > Ah jeeeezzz not that ole Trump thing again ... Robert drags that out > all of the time. > > It doesn't apply when it's with the international financial system and > the dollar. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:288267 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
