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The New DU. Reply #62: Wasn't Roach in a tizzy about China Imbalances for the last year?
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KoKo
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Mon Mar-27-06 02:54 PM
Response to Reply #56 |
| 62. Wasn't Roach in a tizzy about China Imbalances for the last year? |
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Seems that just last month he wrote a column very worried about Chinese pulling out of our treasuries. Yet, in this column he seems to be very comfortable, indeed happy about China changing course.
Did I miss something? Is he thinking that Bernanke will suddenly wake up and do something different from printing money and throwing it out of his helicopter if our trade imbalance slows because of China's new positioning.
Anyone have any views on this article and why do I find it so odd. :shrug: Wouldn't China's new plan mean they start to sell of our treasuries...meaning bad news? Or, is Roach thinking it will be so gradual we won't even notice it and he thinks that's a good thing.
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