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Reply #14: Thank you for some sanity [View All]

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Psephos Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-30-07 02:12 PM
Response to Reply #10
14. Thank you for some sanity
The link is a useful picture of what most economists already know.

US annual economy is $13.5 trillion; China owns about $500 billion in Treasury notes.

Yes, it would be disruptive to US finances if China no longer purchased US debt, but hardly catastrophic. Over and over I see posts here that "China is gonna call in our debt" as though China can simply present its T-Bills and demand payment on them ahead of their 10- or 20-year maturities.

Umm. Ooooo-kkaaaaaayyy.

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  -U.S. stocks fall after U.S. sanctions China bemildred  Mar-30-07 12:42 PM   #0 
  - Trade sanctions on China? When they OWN us? Smart, George.  hippiechick   Mar-30-07 12:43 PM   #1 
  - Ah, here it is:  bemildred   Mar-30-07 12:45 PM   #2 
  - about fucking time  madrchsod   Mar-30-07 02:10 PM   #13 
  - China owes a small percentage  Warpy   Mar-30-07 01:36 PM   #10 
     - Thank you for some sanity  Psephos   Mar-30-07 02:12 PM   #14 
  - Hey let's shit on the guys who are keeping us afloat  tularetom   Mar-30-07 12:46 PM   #3 
  - we're going to threaten to blow up their Iran oil pipeline if they don't  soothsayer   Mar-30-07 12:47 PM   #4 
  - Walmart stock?  fshrink   Mar-30-07 12:48 PM   #5 
  - Down a fraction  Tempest   Mar-30-07 01:05 PM   #8 
  - Not only does the Bush Administration believe in slitting open another's throat,  AndyA   Mar-30-07 12:50 PM   #6 
  - The chickens are coming home to roost and fuc*ed, that's fuc*ed, is what we are  indepat   Mar-30-07 01:03 PM   #7 
  - At 2:20 the Dow has regained almost all of it. Currently down 8.26 for the day.  A HERETIC I AM   Mar-30-07 01:21 PM   #9 
  - Now at 3:00 Dow positive for the day by 11.65  A HERETIC I AM   Mar-30-07 02:00 PM   #12 
  - No more poison pet food  HockeyMom   Mar-30-07 01:56 PM   #11 

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