Saturday, November 27, 2004

Is this bigger news than Iraq?

Foreign Interest Appears to Flag as Dollar Falls

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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.

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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.

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