Say Hello to Your New
Charles Payne | Jan 18, 2014
America is on sale and China keeps stepping up to the plate.
This week we learned China holds a record $1.31 trillion of our nation's debt after adding $12.2 billion in December (they're closely followed by Japan at $1.18 trillion).
The news was greeted with the usual outrage and questions over what kind of leverage does this give China over America. For years, it appeared that China has been able to manipulate its currency and the rules, because it supports profligate government spending.
Many wonder: what happens if China cuts off the spigot? View Full Article
This week we learned China holds a record $1.31 trillion of our nation's debt after adding $12.2 billion in December (they're closely followed by Japan at $1.18 trillion).
The news was greeted with the usual outrage and questions over what kind of leverage does this give China over America. For years, it appeared that China has been able to manipulate its currency and the rules, because it supports profligate government spending.
Many wonder: what happens if China cuts off the spigot? View Full Article
No comments:
Post a Comment