Chinese news sources are reporting that China will buy up to $200 Bn in US treasuries, this should give a decent shot in the arm to the US treasury's balance sheet. HMMMmmm I wonder if it has anything to do with the loophole in the bailout regarding foreign banks being allowed to dump toxic assets onto us via the $700 Bn bailout plan? Did I predict this? see my Oct. 3rd post on the bailout plan problem below:
http://marketssense.blogspot.com/2008/10/big-problem-with-bailout-bill.html
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