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China: Don't Panic, We'll Keep Buying Tons Of Dollars
"The Chinese government has come out to remind the market that it will keep buying dollats as its core currency reserve holding, even though it believes the dollar will depreciate in the long term."China doesn't buy dollars in order to make money off them as an investment....
China to Increase Its Gold Reserves
China's Economic Information Daily published remarks of Ji Xiaonan, Chairman of the Supervisory Committee overseeing large state -owned enterprises indicating that Dubai's debt crisis could be a good opportunity... Pepsi and IBM are Now More Creditworthy than the U.S. Government
" Agora Financial’s Rude Awakening notes that the U.S. Government is now considered less credit-worthy than Pepsi or IBM by the credit default swap market: "As the nearby chart indicates, the price of insuring Treasury debt against default now costs more than the price of...
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