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the fed has been warned

don

Well-known member
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5379285/China-warns-Federal-Reserve-over-printing-money.html
 

hypocritexposer

Well-known member
tenyear.png


Ever since the rumor last week that the U.S. debt might be downgraded, the bottom has fallen out of the Treasury. We have seen it go up from 3.15% last week to just over 3.7% today.
 
A

Anonymous

Guest
Economic Resiliency Shores Up U.S. AAA Rating

Wednesday, May 27, 2009 2:27 PM

NEW YORK -- Moody's Investors Service on Wednesday affirmed the AAA credit rating of the United States, assuaging fears about U.S. creditworthiness that have been creeping up in financial markets.


The rating agency said the U.S. economy's long-term resilience and key role in global affairs should bolster its ability to resume a strong performance following the current recession.

http://moneynews.newsmax.com/economy/credit_rating/2009/05/27/218674.html


China: No Dethroning Dollar Despite Risks

Wednesday, May 27, 2009 9:29 AM

BEIJING -- The global financial crisis has tarnished the dollar and will prompt reserve managers to diversify, but the U.S. currency will retain its dominant international role, a senior Chinese official said in remarks published on Wednesday.


Guan Tao from the State Administration of Foreign Exchange, which invests China's $1.95 trillion in currency reserves, likened the risk of U.S. inflation and dollar depreciation to "blocked dams" that threatened the stability of the global monetary system in the medium term.


The phrase, 'My dollar, your problem' vividly captures the capacity of the United States to exploit the current international monetary system to palm off this crisis," he said.


But Guan said diversification brought the risk of greater turbulence in non-dollar currencies.

http://moneynews.newsmax.com/streettalk/dollar/2009/05/27/218567.html?s=al&promo_code=8078-1
 

hypocritexposer

Well-known member
OT, don't be fooled by rating agencies for the second time. Wasn't the grouping of mortgages and giving them a AAA rating part of what go everyone in this mess?

Obviously by the chart I posted the interest rate provided to sell these shorter term treasury notes has increased quite a bit in the last week.

Not a good trend. Maybe Sandhusker can explain it to you, but I doubt you will understand.

Remember, the Treasury still has to sell Trillions worth of notes monthly. The buyers may be okay with it somewhat, but interest rates will follow these rates throughout the economy.

http://ranchers.net/forum/viewtopic.php?t=34961&highlight=credit+card
 
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