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Jake over at EconomPicData charts the rise of China’s foreign exchange reserves after it was announced yesterday that the total had reached a new all-time high of $2.85 trillion at the end of 2010, begging the question of whether you can ever get too much of a good thing.
Not uncoincidentally, Chinese President Hu will visit U.S. President Obama next week and there’s a pretty good chance the subject will come up. You can almost picture the two sitting across from each other with Obama saying in his folksy way, “You know, your foreign reserves are getting pretty high. I mean, three trillion dollars is a lot of money…”
Tim Iacono
Iacono Research.com