Chris Burford wrote: > MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES > > http://www.ustreas.gov/tic/mfh.txt > > Why has the dollar not collapsed as a token of international exchange? > > Apparently because at present it is in the interests of the Chinese to > ensure it remains in circulation, > and to call for calm amidst the louder noises > while the centre of gravity of the world economy > quietly shifts eastwards.
also, with Europe slipping into recession (or something like it), too.... that makes the euro less attractive. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
