in q1, China probably covered about 1/2 of the US int. borrowing need ($100b of $200b). China's share is rising rapidly ...
i suspect the next survey (june 06 -june 07) will show about $300b, if not more, Chinese debt purchases.
as the oil surplus falls, China's surplus is rising -- and japanese investors (and some HFunds) seem more keen on financing australia and nzealand than the US!
I noticed the latest tbill auction (10yr?) was poorly represented by the central banks (
It looks like I should make sure my posts land...accept my apologies for HaloScan while I try to reconstruct that partial delivery.
Tis a good note to remember that the global imbalance is not China centric as much as it is US centric with roughly twice as large a non-China foreign investment component.
Of those foreign central bank investors, few apparently visited the last tbill auction. China may have just been miffed at having tariffs slapped on its hi-end paper and they couldn't possibly remain in a snit for long, could they?
What a mess created by the Boomers and their education via our universities.
Leaves no doubt other skills and traits were necessary to maintain this great country and its assets.
Commenting by HaloScan
