Guest Posted February 5, 2004 Report Share Posted February 5, 2004 At one time it really didn't matter if j6p got burned, but now the powers that be understand what will happen if things start to collapse, so the actions they have to take to keep things from coming unglued protect the sheeple, at least for the time being. The whole US economy is kind of like a person buying meals at a fancy restaurant with the last of their visa credit. I'm sure that very tough times lie ahead. Thanks for posting The Who lyrics earlier, it's much appreciated. I am surely breaking all the rules by posting right now. Watch the 18 level on the VIX for a tell on which way we go. Moving above 18 will freak some people out. http://139.142.147.218/StockChart_ImageOnl...=INX&ref_rate=0 Link to comment Share on other sites More sharing options...
Guest Posted February 5, 2004 Report Share Posted February 5, 2004 RUT ROH !!!!!! Asian Central Banks Consider Alternatives to Big Dollar Holdings By PHILLIP DAY and HAE WON CHOI Staff Reporters of THE WALL STREET JOURNAL A number of Asian central banks, among the biggest investors in U.S. government debt, are looking at alternative targets for their vast dollar holdings. South Korea, looking for better returns, plans to hand over as much as $20 billion of its foreign-exchange reserves, which total the equivalent of $157 billion, to private fund managers next year. Taiwan wants to put some of its $200 billion of reserves toward helping local companies and diversifying the economy. Thailand will use $7 billion of reserves to pay off the foreign debts of its government agencies and state enterprises. It isn't clear that Asian central banks will necessarily fund these plans by switching out of holdings of U.S. government debt. Asia's bigger central banks have estimated holdings totaling nearly $1 trillion of U.S. government bonds, including Treasurys, privately held government bonds and debt of government-sponsored agencies, such as mortgage buyer Fannie Mae (See related article). http://online.wsj.com/article/0,,SB1075922...e_whats_news_us Link to comment Share on other sites More sharing options...
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