Tuesday, April 14, 2009

China Has Fewer USD to Spend As Well

In a post last week I mentioned the deteriorating current account surplus of Japan and its impact on our national debt. Consider the following:

China Slows Purchases of U.S. and Other Bonds


I tried to find the data myself, but the People's Bank of China website is terrible. Suffice it to say, with fewer buyers of Treasury debt, something has to give.

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