Told ya so:
China manages to hang in there thanks to their national savings cushion. They've been slowing their purchases of Treasury debt, accelerating the U.S. government's bond auction failure date.
I'm long FXI with covered calls, and I'm staying that way.
China’s economy, the world’s third largest, may rebound this quarter as Premier When Jiabao’s 4 trillion yuan ($585 billion) stimulus package cushions the effects of the global recession.
Urban fixed-asset investment surged by almost a third in March and industrial-output growth accelerated, reports accompanying China’s gross domestic product figures showed yesterday. First-quarter GDP grew 6.1 percent, the slowest pace in almost a decade, as exports slumped.
China manages to hang in there thanks to their national savings cushion. They've been slowing their purchases of Treasury debt, accelerating the U.S. government's bond auction failure date.
I'm long FXI with covered calls, and I'm staying that way.
