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overtheedge
Member since May 2012
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Ambrose Evans-Pritchard: Watch what China does with U.S. debt, not what it says - Chris Powell - GATA

Did someone forget the currency swap with the EU?

Commented 3845 days ago

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Beginning of the headline :By Ambrose Evans-Pritchard The Telegraph, London Tuesday, October 15, 2013 So much for the hot rhetoric from Beijing questioning the creditworthiness of US debt and consigning the US dollar to the dustbin of history. The latest data shows that China's foreign reserves soared by $163 billion in the third quarter to $3.66 trillion, one of the biggest jumps ever. Mark Williams and Qinwei Wang from Capital Economic called the rise "astonishing." They estimate that China's central bank must have boug... Read More

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