Meanwhile, the US Treasury is borrowing hundreds of billions’ of dollars in order to close the gap between what the US spends and what it receives in taxes. Even if the Chinese are willing to fund that borrowing in the very short term, it just pushes forward the inevitable day…
May 29th, 2009 | Bill Bonner | 3 comments | Continued
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The Markets
All Ordinaries 4359.400 +36.800
S&p/asx 200 4285.100 +39.800
China Shanghai Co 2351.854 -0.126
Gold Sep 11 0.00 0.00
Clj11.nym 0.00 N/A
Nikkei 225 8999.18 +52.01
Indu 0.00 N/A
S&P 500 1342.64 -9.31
Ftse 100 5911.91 +59.52
2012-02-13 00:35 Most Comments
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