Is China the greatest holder of US T-Bills?
Investors....come in please!
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Originally Posted By: cjcride
Is China the greatest holder of US T-Bills?
I think the Federal Reserve Bank may be.
Is China the greatest holder of US T-Bills?
I think the Federal Reserve Bank may be.
Originally Posted By: cjcride
Is China the greatest holder of US T-Bills?
Not even close. You and I and everyone with a bank account is. ie, That's what the Federal Reserve System is. The majority of excess bank reserves are used to buy US treasuries.
http://finance.yahoo.com/news/biggest-holders-of-us-gov-t-debt.html
Is China the greatest holder of US T-Bills?
Not even close. You and I and everyone with a bank account is. ie, That's what the Federal Reserve System is. The majority of excess bank reserves are used to buy US treasuries.
http://finance.yahoo.com/news/biggest-holders-of-us-gov-t-debt.html
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China does hold enough to make a difference though.
Originally Posted By: buster
You have to understand, we're dealing with our system now, not some hypothetical, make believe situation where the Fed doesn't exist and government is extremely small. My opinions are based on facts about the current system, with all it's flaws, and it's good. Nothing more.
Anyone can say, "well if we just did xyz and government got out of the way, all would be well."
Reality shows otherwise.
The current monetary system is controlled by a 12 person politburo that is untouchable by the general public. That is reality. Saying that those untouchable people should do this or do that via someone else's opinion is likewise hypothetical.
You have to understand, we're dealing with our system now, not some hypothetical, make believe situation where the Fed doesn't exist and government is extremely small. My opinions are based on facts about the current system, with all it's flaws, and it's good. Nothing more.
Anyone can say, "well if we just did xyz and government got out of the way, all would be well."
Reality shows otherwise.
The current monetary system is controlled by a 12 person politburo that is untouchable by the general public. That is reality. Saying that those untouchable people should do this or do that via someone else's opinion is likewise hypothetical.
Originally Posted By: Drew99GT
Originally Posted By: cjcride
Is China the greatest holder of US T-Bills?
Not even close. You and I and everyone with a bank account is. ie, That's what the Federal Reserve System is. The majority of excess bank reserves are used to buy US treasuries.
http://finance.yahoo.com/news/biggest-holders-of-us-gov-t-debt.html
http://www.gao.gov/special.pubs/longterm/debt/debtbasics.html
It's nice to have a 1/3 of your debt held by....yourself....
Can you say slush funds?
Originally Posted By: cjcride
Is China the greatest holder of US T-Bills?
Not even close. You and I and everyone with a bank account is. ie, That's what the Federal Reserve System is. The majority of excess bank reserves are used to buy US treasuries.
http://finance.yahoo.com/news/biggest-holders-of-us-gov-t-debt.html
http://www.gao.gov/special.pubs/longterm/debt/debtbasics.html
It's nice to have a 1/3 of your debt held by....yourself....
Can you say slush funds?
10 year yield dropped from 1.72% to 1.63% overnight.
Europe's a scare. Especially when it knocked on your door.
Greece vote today is everything. If the vote goes bad, watch the heck out.
I was under the impression that stocks are crashing due to USA election results and fiscal cliff scare? I'm sure Greeks will vote austerity again. They have no choice at this point.
The bad news is my shorts were covered several days ago and I'm long gold and PM miners. The good news is gold and PM miners are not dropping as much as general equities. Even the seloff after the 2008 elections was not brutal for gold/PM. I'm obviously scared and talking my book.
The bad news is my shorts were covered several days ago and I'm long gold and PM miners. The good news is gold and PM miners are not dropping as much as general equities. Even the seloff after the 2008 elections was not brutal for gold/PM. I'm obviously scared and talking my book.
I think stocks are crashing because taxes on capital gains and dividends are going up. If you want to say it's because of the election, I won't stop you.
If not election triggered, why now, and specifically today? We knew about fiscal cliff and taxes for over a year.
BTW, gold/miners reversed and climbing now.
BTW, gold/miners reversed and climbing now.
Originally Posted By: friendly_jacek
If not election triggered, why now, and specifically today? We knew about fiscal cliff and taxes for over a year.
BTW, gold/miners reversed and climbing now.
If I say it's election triggered, it might be construed as pokitical.
If not election triggered, why now, and specifically today? We knew about fiscal cliff and taxes for over a year.
BTW, gold/miners reversed and climbing now.
If I say it's election triggered, it might be construed as pokitical.
Originally Posted By: Drew99GT
Greece vote today is everything. If the vote goes bad, watch the heck out.
They have only 11 million people.
If everyone on BITOG gave them $10 Bucks their problems could be solved.
Greece vote today is everything. If the vote goes bad, watch the heck out.
They have only 11 million people.
If everyone on BITOG gave them $10 Bucks their problems could be solved.
Originally Posted By: cjcride
Originally Posted By: Drew99GT
Greece vote today is everything. If the vote goes bad, watch the heck out.
They have only 11 million people.
If everyone on BITOG gave them $10 Bucks their problems could be solved.
The problem is, if those 11 million people eventually say screw this austerity, it's going to have drastic consequences for the Eurozone. Every major sell off in US markets (world markets for that matter), to include the flash crash in 2010, over the past 3 years, has been a result of Greece, Spain, Ireland, and Italy.
Originally Posted By: Drew99GT
Greece vote today is everything. If the vote goes bad, watch the heck out.
They have only 11 million people.
If everyone on BITOG gave them $10 Bucks their problems could be solved.
The problem is, if those 11 million people eventually say screw this austerity, it's going to have drastic consequences for the Eurozone. Every major sell off in US markets (world markets for that matter), to include the flash crash in 2010, over the past 3 years, has been a result of Greece, Spain, Ireland, and Italy.
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So are you recommending to cash out and stay on the sideline ?
I'm not recommending anything. Just throwing out ideas of what I'm seeing.
Originally Posted By: Drew99GT
I'm not recommending anything. Just throwing out ideas of what I'm seeing.
What I see is European economics practiced in the U.S.
I'm not recommending anything. Just throwing out ideas of what I'm seeing.
What I see is European economics practiced in the U.S.
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