Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Hogwash, if the rest of the world did not have good reason to hold the $2 Trillions or so in treasuries they do, they would repatriate it in a wink. On the contrary, by serving as "demand of last resort", the US has prevented a solid three major world economic catastrophe in the last 10 years. That willingness is in great part the reason that our ballance of payments deficit has gone to about 5% of GDP.

Zeev