Search
Not Logged In
0
Your Username:
Your Password:

[ sign up | recover ]

Discussion Forums » In The News
Page:  1 
Japan takes over U.S. debt
0 likes [|reply]
17 Feb 2010, 15:46
Chris
Post Count: 1938
I thought this might interest some of you:

(FT) -- Foreign demand for US Treasury securities fell by a record amount in December as China purged some of its holdings of government debt, the US Treasury department said on Tuesday.

China sold $34.2bn in US Treasury securities during the month, the US Treasury said on Tuesday, leaving Japan as the biggest holder of US government debt with $768.8bn. China overtook Japan as the largest holder in September 2008.

The shift in demand comes as countries retreat from the "flight to safety" strategy they embarked on upon during the worst of the global economic crisis and could mean the US will have to pay more to service its debt interest

Source

I figured you guys would like to know who is holding our debt right now. China decided it was tired of our bullshit, I guess.
0 likes [|reply]
18 Feb 2010, 06:47
Jessica [Private]
Post Count: 1751
Am I the only one amused that Japan lent us money?
0 likes [|reply]
18 Feb 2010, 19:10
♥Mars.Foxx
Post Count: 64
i knew about this, its pretty unsettling to know we owe these countries money.
0 likes [|reply]
19 Feb 2010, 06:24
& skull.
Post Count: 1701
have fun with that japan.

Post Reply
This thread is locked, unable to reply
Online Friends
Offline Friends