Foreign Correspondence

[CoalTrain]

As far as the "Bond bomb" goes my guess is that in general China would prefer a slow steady grind in letting thier economy beat up on our economy. I assume you and Laird know a lot more about the bond market than me. I assume like the POG at some point the bond market will go nuts and neither China nor the U.S. and Japan will be able to stop it, but I don't think CHina will be the one to push the action unless we really are pushing mighty hard on them in another arena.