Commentary: Support for the dollar is ebbing

[moe.ron]

Japan and China owns $906 billion of the roughly $1.1 trillion of US treasuries overseas. I knew they both hold a high number of US treasuries, never realized it was that high. Anyway, here is the article:

Link to the Article

[Kevlar281]

2 entries found for ebbing.
ebb ( P ) Pronunciation Key (b)
n.
Ebb tide.
A period of decline or diminution: “Insistence upon rules of conduct marks the ebb of religious fervor” (Alfred North Whitehead).

intr.v. ebbed, ebb·ing, ebbs
To fall back from the flood stage.
To fall away or back; decline or recede. See Synonyms at recede1.

Well I learned my new thing for the day.

[Rudey]

Sucks for Europe.

-Rudey

[DeltAlum]

Some econonomists don't think it's the best for us either.

[Rudey]

Originally posted by DeltAlum
Some econonomists don't think it's the best for us either.

LOL You can find people who will say and think anything. Honestly you back up quite a bit of your assumptions in Economics with numbers, but there is a serious art to this shit. It's one of those things where nobody is ever right.

I said it before on here but the one school running Economic policy in America is straight from Harvard and believes in a never ending well for debt. They say the Asians have one of the worst debt market and bond market systems so they can't invest in their own markets because of lack of liquidity so they are forced to invest in America.

Many people also believe that at this point all economies are tied. The American economy would never collapse. If it did, who would buy cheap products from Shanghai and keep the massive trade deficit going?

What's funny is the disappearance of the dollar from black markets. Many people in foreign countries used to stash dollars under their matresses just in case. They didn't use those dollars, so it was considered a free loan to the US. Many people don't do that anymore.

And if worse comes to worse, we can all move to Mexico and live the good life, eh?

-Rudey

[RUgreek]

this song and dance has been going on for a few years, and I still haven't seen this threat materialize. I'll believe it when I see it.

[DeltAlum]

Originally posted by Rudey
And if worse comes to worse, we can all move to Mexico and live the good life, eh?

-Rudey

Hadn't thought of that.

[Rudey]

Originally posted by DeltAlum
Hadn't thought of that.

I was planning on it anyway. Do you have any idea how many servants you can get on $5 a day down there? I don't either, but I imagine it's a lot even if the dollar has no buying power!

-Rudey