tag:blogger.com,1999:blog-10701792.post2965320409869115585..comments2023-12-02T00:59:10.380+01:00Comments on England Expects: Forget the scooter Mark, there is a juggernaut in the roomGawain Towlerhttp://www.blogger.com/profile/08583658895528269901noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-10701792.post-14527493340994162192011-01-07T01:33:17.235+01:002011-01-07T01:33:17.235+01:00China is doing the same debt collection as in the ...China is doing the same debt collection as in the USA.<br />Be afraid, be very afraid.Unknownhttps://www.blogger.com/profile/15782746920913535736noreply@blogger.comtag:blogger.com,1999:blog-10701792.post-28167946093249357192011-01-06T23:19:27.991+01:002011-01-06T23:19:27.991+01:00That's the clever bit.
If PR China continuall...That's the clever bit.<br /><br />If PR China continually buy up Euro-zone government bonds, what they are doing is selling Yuan, therefore all things being equal, this has the effect of depressing Yuan and boosting Euro. <br /><br />They do not need to then put pressure on Euro-zone to keep Euro high, they've already done it with brute force of the markets (and half a billion slave labourers, who get b-gger all out of all this).<br /><br />For sure, they then have some sort of influence over EU economic policy, but that's the price of large government deficits (and all the more reason not to have one, or at least, not an externally financed one).Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.com