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6 comments:
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.
Hi, James - watch out for my next SA article. Thanks for stopping by.
Et tu?
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?
The latter. However I believe it will not act yet, nor will its attack be head-on. The chessboard is not fully set.
Yes, I've suggested on SA that the move could come via the ostensible UK holdings.
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