March 13 (Bloomberg) -- China wants the U.S. government to “ensure the safety” of its investments in the world’s largest economy, Premier Wen Jiabao said.
“We have lent a huge amount of money to the United States,” Wen said today at a press conference in Beijing that marked the closure of the annual National People’s Congress meeting. “Of course we are concerned about the safety of our assets. To be honest, I am a little bit worried.”
Well Wen, we’re worried too.
“We have lent a huge amount of money to the United States,” Wen said today at a press conference in Beijing that marked the closure of the annual National People’s Congress meeting. “Of course we are concerned about the safety of our assets. To be honest, I am a little bit worried.”
Well Wen, we’re worried too.
And not a little bit.
So you’re not alone.
Did you see the dollar, Wen?
The daily chart of the dollar index going back shows a notable development.
Not only failed this index to sustain a move above the old top of November 8, but also the 21-day average was broken.
Are we in for a correction?
So you’re not alone.
Did you see the dollar, Wen?
The daily chart of the dollar index going back shows a notable development.
Not only failed this index to sustain a move above the old top of November 8, but also the 21-day average was broken.
Are we in for a correction?
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