Tuesday, October 19, 2010

Fool me once

shame on you.  The UK is buying US Treasuries and selling them to China, giving us a false view of our treasury auctions.

I've thought for many years that Britain was a significant holder of our debt, but no, they are just fronting the Chinese.
Statistics are like a bikini. What they present is suggestive, but what they conceal is vital--Aaron Levenstein
Photo links here and here.

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