If the Chinese stop buying our bonds, we are in deep do.
wrongo
If the Chinese stop buying our bonds, they are in deep do.
If the yuan goes up,
they will get what I call ‘Japan disease’.
with deflation stagnation, and unemployment.
as it is,
the only thing keeping china going now,
is construction of useless ghost cities.
They are in over their heads,
But so are we.
Gold is going to 1700
You do realize the Chinese quit adding US Treasuries (actually a net seller) over the past year. Meanwhile our trade deficit with them started increasing again over the same period.
Strong yuan lowers their production costs.