Good news
We’re no longer owned by commies. Seems China sold an assload of our debt. And now it’s primarily owned by the Japanese. Again.
We’re no longer owned by commies. Seems China sold an assload of our debt. And now it’s primarily owned by the Japanese. Again.
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
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February 17th, 2010 at 12:48 pm
The whole debt thing is going to just written off in 5-20 years. The only player who isn’t hocked up in debt to their eyeballs or completely dependent upon foreign sources of income is basically Norway. If it’s not then the world economy is going to crash so hard it’ll make the Great Depression look like a cakewalk.
February 17th, 2010 at 1:26 pm
I’m a lot more comfortable with Japanese masters rather than Chinese masters — if we have to choose.
February 17th, 2010 at 2:02 pm
The link is for a different article.
February 17th, 2010 at 2:07 pm
D’oh. Thanks. Fixed. The clipboard is always loaded.
February 18th, 2010 at 7:18 am
Sushi is much better than fishheads in a bowl of rice.
February 18th, 2010 at 7:49 pm
The Japanese have gotten burned HARD by buying US assets they thought were crazy cheap – particularly real estate. (When compared to Tokyo real estate, NYC at the top of the bubble looks stupid cheap I guess. Not such a good investment when the bubble deflates. This is from the early nineties, not the recent unpleasantness).
OTOH, that does imply the Japanese have overspent again…