The New York Times, March 13, BEIJING — The Chinese premier Wen Jiabao expressed concern on Friday about the safety of China’s $1 trillion investment in American government debt, the world’s largest such holding, and urged the Obama administration to provide assurances that its investment would keep its value in the face of a global financial crisis.
It has been obvious for some time that this new Congress's unbridled spending spree would sooner or later begin to get international investors worried about the safety of U.S. Treasury notes. Apparently that time has arrived.....
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