From: Robert J. Bradbury (bradbury@aeiveos.com)
Date: Mon Sep 01 2003 - 21:56:16 MDT
Ok, here is an idea for you, based on:
http://www.nytimes.com/2003/09/02/business/02CHIN.html?hp=&pagewanted=print0741
(which you have to get in the next few days for "free")
China is on track to purchase ~$80 billion of U.S. government securities
this year. That is about 20% of the current budget deficit.
Bottom line (perhaps) -- we can't touch them and they can't touch us
(or all hell breaks loose). Interesting -- it would seem that the
Russians are side-lined from 'balance of power' debates -- at least
from an economic perspective.
Robert
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