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White House Bracing for Specter Loss »
May 17, 2010
China increases US treasuries holdings 2%
The USA and Europe are both completely farkled, but apparently we're farkled slightly less than Europe?
China boosted its holdings of U.S. Treasury debt for the first time in six months. That development could ease concerns that lagging foreign demand will force the U.S. government to pay higher interest rates to finance its debt...
Maybe its a race to the bottom and they think we'll default last?