Sunday, July 3, 2011

Another Reason to Read Mish:

Remember the scary headline from mainstream economists saying China was going to dump U.S. Treasuries and blah blahs about a new world reserve currency being something beside the US Dollar?

Well, Michael Shedlock pooh-pooh'd it at the time, and now it turns out instead of buying less US debt, China was buying more than previously disclosed.

"Unexpectedly"

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