tag:blogger.com,1999:blog-12897315.post8660397986893561780..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: Red China Stirrings, Girly-Man Obozo the CauseDad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12897315.post-47050939272350717072013-11-26T11:06:03.062-06:002013-11-26T11:06:03.062-06:00China is a captive buyer.
Any sudden withdrawal...China is a captive buyer. <br /><br />Any sudden withdrawal from U.S. Treasuries means Yuan appreciation, a shock to Chinese exports, reduced growth and most likely civil unrest. <br /><br />The Chinese are currently sitting on billions of dollars worth of stockpiled commodities which are worth half of what they paid for them. They also have truckloads of U.S. Treasuries which will be worth half of what they paid for them if they suddenly reduce asset purchases. The inevitable spike in Yuan/Dollar would be a nightmare scenario for them as they don't have the domestic demand to offset the downward shock to exports. <br /><br />If Schiff doesn't believe that the U.S. Treasury market can withstand a Chinese bond dump then he hasn't been keeping up with current events. <br /><br /> <br /><br /> <br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-92068662996705887742013-11-26T08:23:19.963-06:002013-11-26T08:23:19.963-06:00You mean, Peter Schiff, the guy who has gotten his...You mean, Peter Schiff, the guy who has gotten his ass handed to him by the market for picking loser gold funds over the past 5 years? The Austrian hack who seens to only make money duping people on TV. That Peter Schiff? <br />Anonymousnoreply@blogger.com