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

7 comments:

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

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

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  3. Anyone have source article?

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    1. 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

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  4. Score that communist one, corporatists zero.

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

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    1. 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

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