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Old 06-02-2009, 07:44 AM   #1
alexamenos
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Treasury Secretary credibility fail

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....
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Old 06-02-2009, 08:47 AM   #2
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Originally Posted by alexamenos View Post
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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Old 06-02-2009, 10:44 AM   #3
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Originally Posted by dude1394 View Post
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...
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.
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fluffonomics, got a bit fluffy in here, price-to-fluff ratio


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