August 7th, 2007
China Threatens To Trigger US Dollar Crash
I had seen an article about a year ago that discussed how China has the ability to cause serious problems to the US economy because our wonderful deficit that we have is financed by China. China Threatens Nuclear Option of Dollar Sales was a good read, though I do feel that if China did do something along these lines that it would hurt, China’s economy and the rest of the world economies as well.
In regards to housing:
Share ThisIt would also cause a spike in US bond yields, hammering the US housing market and perhaps tipping the economy into recession. It is estimated that China holds over $900bn in a mix of US bonds.
Posted by scott on August 7th, 2007 in Economic Info, Asia News |
