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If the Chinese,Japanese and the Kuwaitis and all the rest of our creditors had stepped uup their sales of Fannie and Freddie bonds, such a sell-off could have caused a general economic panic(jingji konghuang)in Pin Yin and a run(queshao) in Pin Yin on the US currency.
Food for thought for Sino-American Economics in the days to come.
Francis Shieh a.k.a. Xie Shihao on September 11, 2008
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