Frightening the US debt levels- wonder if financial wizards actually can plan and manage these financial flows?
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US Debt and influence on raising interest rates
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Back then, China bought US Treasury bonds to keep the currency from rising and eroding the competitiveness of Chinese exporters. As a result, it accumulated an astounding $4 trillion of foreign reserves. And what was true of China was also true of other emerging-market countries receiving capital inflows. These countries’ foreign reserves, mainly held in US securities, topped $8 trillion at their peak last year.
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