Welcome To The Silver Standard Resources HUB On AGORACOM

SSO on the TSX, SSRI on the NASDAQ

Free
Message: Be Nice to the Countries That Lend You Money

Be Nice to the Countries That Lend You Money

posted on Dec 08, 2008 06:29AM

the head of china's $200 billion sovereign wealth fund gave an interview in the atlantic, a non-financial publication. he describes the problems in the global financial system, america in particular, and the differences between china and america. for example, when he graduated from duke in 1986 as a lawyer, he was earning $60,000. when he went back to china, his first month's salary was 59 yuan.

On what might make the Chinese government start taking its dollars out of America (I began the question by saying that China would hurt itself by pulling out dollar assets—at which he interjected, “in the short term”—and then asked about the long-term view):

http://www.theatlantic.com/doc/20081...

Share
New Message
Please login to post a reply