Saturday, November 27, 2004

Is this bigger news than Iraq?

Foreign Interest Appears to Flag as Dollar Falls


Japan and China, which together have amassed nearly $900 billion in United States Treasury securities, have both slowed their buying sharply from the frenetic pace in February and March.


Can China give up on attempts to keep the Yuan pagged to the dollar? It would be the ultimate irony if this lead to a collapse of the dollar - and American economic power.

No comments: