Tuesday, February 14, 2012

Chinese Central Bank Advisor Goes Back at Germany's Merkel

Chinese central bank advisor: "We may be poor but we aren't stupid" in response toGerman Chancellor Angela Merkel's plea for China to buy Eurozone government debt
at 9:34:00 AM

7 comments:

  1. AnonymousFebruary 14, 2012 at 11:29 AM

    LOL. How that brightens my day. But how many times will it be retweeted?

    ReplyDelete
  2. AnonymousFebruary 14, 2012 at 12:33 PM

    There's was a good EconTalk Podcast from December '11 where Tyler Cowen and host Russ Roberts discuss this likely proposal.

    ReplyDelete
  3. AnonymousFebruary 14, 2012 at 12:43 PM

    Anyone have source article?

    ReplyDelete
    Replies
    1. Iris MackFebruary 14, 2012 at 9:09 PM

      I found a source article and posted here -http://www.wilmott.com/blogs/irismack/index.cfm/2012/2/14/We-may-be-poor-but-not-stupid-China-Isnt-Interested-in-EU-Government-Bonds

      Delete
  4. David FriedmanFebruary 14, 2012 at 12:56 PM

    Score that communist one, corporatists zero.

    ReplyDelete
  5. AnonymousFebruary 14, 2012 at 1:23 PM

    If they aren't stupid, then why did they buy and still holdUS debt

    ReplyDelete
    Replies
    1. AnonymousFebruary 17, 2012 at 9:32 AM

      Because they had to keep the Yuan devalued relative to the dollar.

      However:

      http://cnsnews.com/news/article/us-treasury-china-has-decreased-its-holdings-us-debt

      Delete

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