This is not good for US. Need to address the $20T in debt now. Will need to raise interest to entice these countries to buy. Hurts US
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once we stop buying their junk they will be more than happy to buy our safe treasuries again.
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and what
$UST will we default on first? which will help bankers most? doesn't matter if peasantry crucified...they dont count....
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china is just strong arming us not to go through with import tax. Will end up
#businessasusual -
just tap your heels together & pray that this is so....frankly, there are no sure things any more.....& we are screwed
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Will China's dumping of treasurys push up borrowing costs in the U.S.?http://on.wsj.com/2kq3paB
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