Quote:
Originally Posted by dude1394
Quote:
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience....
The chinese can spot when stuff is being shoveled...
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speaking of "stuff being shoveled"...
reading the rest of the sentence sheds a bit of light on the nature of the comment, which isn't laughter about the safety of us debt...
""Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience,
reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.