China

China, Greenspan rub salt on dollar wound

China, Greenspan rub salt on dollar wound

Dollar jitters continue, with none other than Alan Greenspan now warning that the party may be over for the greenback as foreign investors tire of paying for the US’s uncontrollable fiscal deficit and consider shifting to other currencies. Reports reveal that China has been doing that for quite some time now, reducing its dollar holdings from 82% in 2003 to 76% in 2004.

 

Categories:China, Geopolitics

Tagged as: , ,

1 reply »

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.