Wednesday, September 19, 2012

China and Japan's Appetite for US Treasurys Grows

The US Treasury sold $50 billion of notes in bonds in July. China added $2.6 billion; its total hoard stands at $1.150 trillion. Japan added $7 billion; it total stands at $1.117. We print dollars and buy cool stuff; what a racket! The only unfair thing is that the US government sells directly to them and then gets to spend, instead of selling to them, distributing the money to us, the citizens, and let us spend. I could use a new car and big flat screen financed by China..

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