China Is Long-Term Investor in EU Bonds: Wen
By Zoltan Simon and Simon Kennedy
Premier Wen Jiabao said China will keep investing in Europe’s sovereign bond market, providing a vote of confidence in the region roiled by the debt crisis.
“China has actually increased the purchase of government bonds of some European countries, and we haven’t cut back on our euro holdings,” Wen told the British Broadcasting Corp. yesterday in an interview. “I think these show our confidence in the economies of Europe and the euro-zone.”
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Comment: It seems as if the real commies are no longer in China but in Washington DC and Princeton in particular. Watch out, investor: Bernanke & Co. and Obama (what, me?) are about to fleece you like you've never been fleeced before, and Krugman is their prophet and profit.
“China has actually increased the purchase of government bonds of some European countries, and we haven’t cut back on our euro holdings,” Wen told the British Broadcasting Corp. yesterday in an interview. “I think these show our confidence in the economies of Europe and the euro-zone.”
Full text
Comment: It seems as if the real commies are no longer in China but in Washington DC and Princeton in particular. Watch out, investor: Bernanke & Co. and Obama (what, me?) are about to fleece you like you've never been fleeced before, and Krugman is their prophet and profit.
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