I can't think of any compelling reason that we can't do this. But the US treasury securitis are still the the first-choice investment for world-wide governments. And no one is certain that dollar will keep falling. China is not the biggest investor in US treasury securities. Japan is, holding 38.5%. China is the second, 9.4%, and UK 7.3%.
You are the optimistic type now days as oppose to a much bigger doomsday believers. With today's twin deficits, US would have crashed 100 times if it were one of those emerging economies. People are getting nervous, now the pressure is on dollar, but it will just be matter of time before pressure spreards to stock market. Small guys like India are getting out of dollar asset and swap to Euro, but big guys can't do it (this is the part I don't understand... I'll communicate with the other side
【在 t*****e 的大作中提到】 : I can't think of any compelling reason that we can't do this. But the US : treasury securitis are still the the first-choice investment for world-wide : governments. And no one is certain that dollar will keep falling. : China is not the biggest investor in US treasury securities. Japan is, holding : 38.5%. China is the second, 9.4%, and UK 7.3%. : : : 产 : 我
t*e
4 楼
But US is not Argintina or Mexico. It has not only the biggest economy, but also the most powerful political/military matchine. It's not hard to understand that countries like Japan and China have to offer good excuses to withdraw large chunk of dollar assets. Furthermore, no one wants US to fail except various types of extremists. There is no worse thing than a failing US to the world economy.
it be do world-wide 元 能
【在 r*****z 的大作中提到】 : You are the optimistic type now days as oppose to a much bigger doomsday : believers. With today's twin deficits, US would have crashed 100 times if it : were one of those emerging economies. : People are getting nervous, now the pressure is on dollar, but it will just be : matter of time before pressure spreards to stock market. Small guys like : India are getting out of dollar asset and swap to Euro, but big guys can't do : it (this is the part I don't understand... I'll communicate with the other : side