Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz

Sunday, February 27, 2011

'Global Credit Warfare': China Preparing for a Treasury Bond Sell-Off?

See my "Seeking Alpha" exclusive here.

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James Higham said...

Via Vox: Fresh from Wall Street's alchemy labs: Credit derivatives tied to General Motors Co. debt.

As there is no debt, after the bankruptcy, then this is imaginary numbers. China, meanwhile, sits back and observes.

Sackerson said...

Hi, James - watch out for my next SA article. Thanks for stopping by.

Wolfie said...

Et tu?

Sackerson said...

Hi, Wolfie - you mean you write for SA? If so, under what nom-de-plume?

Or do you mean, you too think China might cut its losses if it anticipates hyperinflation in the US?

Wolfie said...

The latter. However I believe it will not act yet, nor will its attack be head-on. The chessboard is not fully set.

Sackerson said...

Yes, I've suggested on SA that the move could come via the ostensible UK holdings.