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User Info Impending Destruction of the US Economy; entered at 2007-12-01 21:07:29
Presence
Posts: 506
Registered: 2007-08-24 Everywhere
Not to play Devil's advocate, but I do not believe the IMF data on USD reserves held by foreign CBs includes China, as China does not report to the IMF.

The Chinese piece of this puzzle is rather staggering.

See: http://www.petersoninstitute.org/publica....

Also, I cannot believe that the CEO and Wall Street bonuses are enough to swing the national income stats. More like a fart in a windstorm.
2007-12-01 21:07:29