Comments on: China Controlling the Agenda as Cenbank Holdings Flatline http://housingdoom.com/2009/03/27/china-controlling-the-agenda-as-cenbank-holdings-flatline/ "He who defends everything defends nothing." - Frederick the Great Sun, 14 Mar 2010 18:52:00 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: John M. http://housingdoom.com/2009/03/27/china-controlling-the-agenda-as-cenbank-holdings-flatline/comment-page-1/#comment-19506 John M. Sat, 28 Mar 2009 12:36:23 +0000 http://housingdoom.com/?p=2135#comment-19506 twist - Thanks for your sidebar pick. Lenzner certainly stomps all over our Finance Minister's efforts to poo-poo the significance of Zhou's initiative. <a href="http://www.reuters.com/article/usDollarRpt/idUSN2651105920090326" rel="nofollow">"Dollar reserve issue won't get G20 traction - Canada"</a>, by Louise Egan, <em>Reuters</em>, March 26, 2009. <a href="http://finance.yahoo.com/banking-budgeting/article/106817/Dollar-Slams-Up-Against-a-Great-Wall?sec=topStories&pos=4&asset=TBD&ccode=TBD" rel="nofollow">"Dollar Slams Up Against a (Great) Wall: The People's Bank of China flexes its muscle in call for a new reserve currency"</a>, by Robert Lenzner, <em>Forbes / Yahoo Finance</em>, March 27, 2009. twist -

Thanks for your sidebar pick. Lenzner certainly stomps all over our Finance Minister’s efforts to poo-poo the significance of Zhou’s initiative.

“Dollar reserve issue won’t get G20 traction – Canada”, by Louise Egan, Reuters, March 26, 2009.

“Dollar Slams Up Against a (Great) Wall: The People’s Bank of China flexes its muscle in call for a new reserve currency”, by Robert Lenzner, Forbes / Yahoo Finance, March 27, 2009.

]]> By: desert rat http://housingdoom.com/2009/03/27/china-controlling-the-agenda-as-cenbank-holdings-flatline/comment-page-1/#comment-19495 desert rat Fri, 27 Mar 2009 20:27:24 +0000 http://housingdoom.com/?p=2135#comment-19495 In a perverse way it may be China that puts an end to this runaway spending in Washington. All they have to do is say are no longer willing to give a drunk another drink. Heaven knows there are not enough in our own government to put a stop to this insanity. In a perverse way it may be China that puts an end to this runaway spending in Washington. All they have to do is say are no longer willing to give a drunk another drink. Heaven knows there are not enough in our own government to put a stop to this insanity.

]]> By: John M. http://housingdoom.com/2009/03/27/china-controlling-the-agenda-as-cenbank-holdings-flatline/comment-page-1/#comment-19491 John M. Fri, 27 Mar 2009 17:34:39 +0000 http://housingdoom.com/?p=2135#comment-19491 From one of AEI's regular banking analysts: <a href="http://american.com/archive/2009/march-2009/q-a-how-to-think-about-the-u-s-dollar" rel="nofollow">"Q&A: How to Think About the U.S. Dollar"</a>, by Desmond Lachman, <em>American / AEI</em>, March 27, 2009.<blockquote><strong>It has become fashionable to predict the imminent collapse of the dollar. What might really happen?</strong><br /> <br /> With the prospect of very large U.S. budget deficits for many years to come, it has become fashionable in academic and financial circles to predict the imminent collapse of the U.S. dollar. In answering a series of questions on the dollar, Desmond Lachman suggests that despite its very poor underlying fundamentals, at least in the next year or two it may strengthen, particularly against the euro, the world’s second most important international reserve currency.</blockquote>By golly I feel better already. From one of AEI’s regular banking analysts:

“Q&A: How to Think About the U.S. Dollar”, by Desmond Lachman, American / AEI, March 27, 2009.

It has become fashionable to predict the imminent collapse of the dollar. What might really happen?

With the prospect of very large U.S. budget deficits for many years to come, it has become fashionable in academic and financial circles to predict the imminent collapse of the U.S. dollar. In answering a series of questions on the dollar, Desmond Lachman suggests that despite its very poor underlying fundamentals, at least in the next year or two it may strengthen, particularly against the euro, the world’s second most important international reserve currency.

By golly I feel better already.

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