Steve's Place

[DeepBlue1]

I caught that show too. Your synopsis of what was said seems spot on to me.

Remember when I said that I was worried that China's new bailout package might be signalling the end of their investments in our debt about a week or two ago?

That was still up for debate on the show, but the "smart guy" agreed with my analysis. The other guy had an excellent point too however when he compared the current financial relationship between China and the US as the 21st century version of "MUTUAL ASSURED DESTRUCTION", only in the financial sense.

They are as dependent on us as we are on them it would seem, at least for now. This is a very liquid situation though, and ANYTHING could happen at any time very quickly.

Besides the fact that China, being a new player in this game may not make what seems like the logical decision in our minds.