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Chinese stop buying European bonds
Comments
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RenovationMan wrote: »T an abacus to play with at the sanitarium . :rotfl::rotfl::rotfl::rotfl:
Probably get more sense out of there than the BoE;)"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Soon it will only be America buying its own debt,what a crazy world.
I know! Crazy everwhere I look.
Being new I don't suppose you know this, but would you believe some nutters spend hour after hour on here, registering and re-registering over and over again in a vain attempt to make their points of view seem more reasonable.
Crazy innit?
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As I posted back in November, China would far rather add any extra funding through the IMF, rather than the EFSF because it would be better protected that way, as under the EFSF it would rank beneath the IMF as a creditor in the event of a default.
Also, this whole thing about China almost being the "lender of last resort", and the eurozone thinking that they would continue to do so, seemed strange to me then because I felt at that time that their economic growth would slow much more than analysts were predicting this year, which indeed it has. There are likely to be some more major problems, not least of all with their property bubble. With exports dropping off, especially to the U.S. & Europe, they may well need their US$ 3.2 trillion of foreign currency reserves to prop up their own economy, let alone any others.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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