Todays AHTOJASO is from YESTERDAY and the 2A blog at an all time high, on world Economics. Yesterdays post was EXACTLY right and China says so (not that I consider that the ultimate compliment but take it where you can get it...)
" "Large fluctuations and uncertainties in this market would undermine the stability of the international financial system and hinder global recovery," Zhou said. The central bank took the unusual step of posting his comments in both English and Chinese on its website, clearly aiming to reach a foreign audience.
Treasury debt is among the most widely held assets and often is used as the benchmark for interest rates on commercial credit. Any changes due to uncertainty about U.S. finances could have global repercussions by pushing up borrowing costs.
"China hopes the U.S. administration and the Congress would take responsible policy measures to handle its debt issue in light with the interests of the whole world including those of the United States," Zhou said."
A_patriot is now both A-prophet and A-world-economist...
That's intended to be a slap in Obamas face, for I am not an economist, I just took a college level econ class, studied Friedmans Money Mischief and get news from overseas instead of the hysterical, lying, foaming at the mouth Britney Spears Media in the US and LOOK THE OBVIOUS STRAIGHT IN THE FACE and put two and two together.
Econ and finance arent that hard to grasp, the math can get nasty, but it doesnt take math to understand all the factors involved in crushing debt, and the direction its going.
And, last night on MHz World View, announcement of probable "flight to the US Dollar" by Europe and Japan. Say WHAAAAA?
This is about to get interesting.
