Jesse's Café Américain

"You have accepted things you would not have accepted five years ago, a year ago, things that your father, even in Germany, could not have imagined. Suddenly it all comes to be, all at once. You see what you are, what you have done, or more accurately what you haven’t done. For that was all that was required of most of us: that we do nothing. You remember everything now, and your heart breaks. Too late. You are compromised beyond repair."
Milton Mayer, They Thought They Were Free

Showing posts with label China US Debt. Show all posts
Showing posts with label China US Debt. Show all posts
08 June 2011

European Credit Agency Downgrades US Credit Rating from AAA to AA

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Here is my rough translation of the original Feri stuft die Bonität der USA herab . "Man muss manchmal in den sauren Apfel beißen....
22 July 2010

China and the Goldfinger Syndrome

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I have had some interesting discussions recently with correspondents about the problem which China has with its very large US dollar reserve...
12 July 2010

China Ratings Agency Downgrades US Debt From Moody's, S&P's, and Fitch's AAA Rating

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Currency wars. Well at least a Phony War for now. See, nothing has happened. All is well. Move along. Nothing to see here. Status quo inta...
19 August 2009

China Makes Biggest Cut in US Treasury Assets Since 2000

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China dumps US Treasuries the most aggressively in a decade. Now THAT's a change you can believe in. One has to wonder how long the UK,...
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