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Thursday, January 8, 2009
China may Pare back buying US Govt Debt
The US is slowly moving closer to running out of credit, with all of its deficit spending. There's talk of a credit rating downgrade, and now China is talking about buying less US debt. Who will pick up the slack, especially with these low interest rates? If things don't change, watch for a serious US Dollar crash, and sky high borrowing rates.
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