Chinese LOVE Their US Debt
Some of you Fools have the misguided belief that the Chinese might be concerned about their treasury holdings. Such a perspective would be the furthest point from current reality.
The Chinese have approximately $2 Trillion dollars of US debt. That debt is very liquid and convertible to US dollars practically upon demand.
Whatever happens to the dollar, the one place US dollars will always spend is in the US of A. And right now the Chinese are BIG BUYERS of US assets. Assets like office buildings, shopping malls, homes, beach houses, corporate stock etc......
Although $2 trillion is a lot my most standards.....it is not even a fraction of the value of the assets the Chinese can buy with their US debt holding.
So if you think the Chinese are worried......ask yourself why are the smiling each time they buy a farm????? You think they are worried they may not get value for their bonds.....the more the US implodes, the greater the value they receive.
Welcome to reality my fellow Fools.....hope you can speak Chinese......one who does may be your next boss.