Sunday, April 24, 2011

China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings

China appears to be getting ready to cut its USD reserves by roughly the amount of dollars that was recently printed by the Fed, or $2 trilion or so. And to think that this comes just as news that the Japanese pension fund will soon be dumping who knows what. So, once again, how about that "end of QE" again?

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