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The U.S. Is Borrowing Less From China, More From Everybody Else

Tuesday, November 20, 2012 - 6:57 AM
Japan is about to pass China as the biggest foreign lender to the U.S. government. In fact, the U.S. government is actually borrowing less money from China than it was a year ago — even as it's borrowing more than ever the rest of the world.

The U.S. Is Borrowing Less From China, More From Everybody Else : Planet Money : NPR
2
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,215
1. Tuesday, November 20, 2012 - 10:22 AM
These countries are buying our debt.  To me this is not the same as the US "borrowing" from them.  It's not like we plead with them to buy our bonds.  It's their choice (lucky for us).  Why they still want our dollars is beyond me!
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
2. Tuesday, November 20, 2012 - 6:52 PM
Re: Paoli2@1. Tuesday, November 20, 2012 - 10:22 AM

"Why they still want our dollars is beyond me!"

SAFETY.

 
1
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,215
3. Tuesday, November 20, 2012 - 8:16 PM
Shorebreak:       "SAFETY"   ???    

For how much longer?  If we don't get our act together in this country soon and they end up lowing our rating again, do you really think our currancy will continue to be sought by other countries?  I know what bad shape Europe is in but we are not the USA of yesteryear. 
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
4. Wednesday, November 21, 2012 - 1:54 PM
“The overall global buying spree is yet another sign that investors are racing into safe havens and that the U.S. government's backing is still considered the ultimate safety seal.”

Foreigners race into U.S. debt - The Buzz - Investment and Stock Market News
1
ShorebreakShorebreak2,622 posts since
Apr 6, 2010
Rep Points: 14,215
5. Wednesday, November 21, 2012 - 4:05 PM
Shorebreak:  All this means to me is that the Europeans need to buy better quality "printing machines".  We can just print faster than the rest of the world!  That's the secret, imo.
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
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