Jul 29 2009
Geithner Tells China U.S. Will Address Rising Budget Deficits After Recovery Firmly In Place!
An article today titled ‘Geithner: US to address deficits after recovery’ says just that. I consider this type of ongoing rhetoric ‘off the charts’.
• First, general statements without specific reasoning behind them as to how something is going to be accomplished simply ought to be disregarded – irrespective of the topic such statements address; and,
• Second, does Geithner think that the Chinese (and for that matter all other thinking people in the world) don’t understand my first point?
The referenced article says “China has huge investments in the United States and has worried it could be undermined by U.S. budget deficits”. I have commented on China’s concerns about this in previous posts. From my perspective China would be foolish indeed not to be concerned – hence I anticipate a step-up in the numbers of strategic investments China will make in the near-term both inside and outside China. A problem I see China having with spending its U.S.$ on investments it considers strategic is that the amount of U.S.$ China holds is so large it will be very difficult for China to find ‘good homes’ for all of those $.
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Dear Mr Cambell , I would just like to take a momment to thank you for your time and effort that you have put in to this site as i have been reading your posts and comments for aprox a year and find that i am in agreement with your logic be it on the dollar , gold , economy or oil and gas. I am a stong believer in the urainium story as an ivestment , so if possable, could you please comment on what your thoughts are on the up comming run. Again thanks for your efforts….Charles
Btw…on a personal note , If i remember correctly , you had written a comment way back in the begining , from florida…west coast i think…were you reside for the winter…i have been following the real estate meltdown for the last 18 monts and was down last week to survey different developments and was advised by one agent from purchasing at this time , four others told me im missing the train but real estate agents are like car salesmen to me , take it with a grain of salt…i was wondering , what is your personal take as to where the market is east or west coast….my information tells me we still have not seen the full extent of what is to play out…thanks again
I’m with you on this. My cynic meter spikes now every time Geithner opens his mouth. That statement was incredible.