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CNN website hacked: "China dumps all bonds"

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Re: CNN website hacked: "China dumps all bonds"

#10
post #9

Is it me or would "china dumping us bonds" have absolutely no effect since the Federal reserve is already the only one buying us bonds in massive quantities ?

Yeah I don't think it would make much of a difference, with or without the Fed. They'd really have to try to spend the dollars & not just stick that money back into a bank, and the effects of that would be slow and noticeable in time for the US to react with some policy.
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