What’s really happening
has nothing to do with the announced plan
to boost banks' TCE, tangible common equity
Rather, the plan is to repudiate the bondholders
step by step, boiling each frog in order
hoping to minimize the fallout from foreign bondholders
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
If South East Asia’s motivation to invest in US debt
was to indirectly finance American purchases of manufactured imports
and consumption of foreign goods falls dramatically
is the US counting on South East Asia to fund economic recovery efforts?
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