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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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