I watched a news blurb on CNN.com this morning. China is stockpiling reserves of raw resources - oil, iron ore .... As their spokesperson said, it makes more sense to invest their money in resources rather than "bonds."
Makes me wonder if they know something we don't know.
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Or maybe China's figured out a lot of the same things we have...
"Makes me wonder if they know something we don't know. "
-More like they've decided something we don't have any say in. They do, after all, own most of our debt.
Yeah I heard something about this on NPR--but I was battling traffic so I can't remember what their reasoning was...
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