China is very much concerned about US debt: Published by the Washington Post,Headline on page A1 on March 14, 2009. Such is the nitty-gritty of Sino-American economics to be watched with insightful awareness. Stay ahead and stay smart to learn the events in the mundane world.
Perhaps it is high time to study etiology i.e. causes of lifestyle and behavior of the folks in USA with easy credit system for living up to enjoy life. "Enjoy now and pay later" could have been going overboard? Let us look at the empirical evidence during the future course of time.
China surpassed Japan as the largest foreign holder of Treasury bonds. Any indication that it intends to cease those purchases or stage a sell-off could drive up the cost of borrowing for the US government, as well as sending mortagage rates higher for millions of Americans with loans from the banks.
Ponder the consequences and learn the realities in the months or years to come for the unfolding of such economic drama on the world stage.
Francis Shieh a.k.a. Xie Shihao, a graduate student from China in 1947 to learn the ups and downs of Sino-American Economics during the past decades and looking forward to the decades to come for economics in action as educational enrichment.
March 14, 2009 at 10.16 a.m.