Friday, April 11, 2008

Are Bernanke's Hands Tied?

"Are Bernanke's Hands Tied? 8 Reasons the US May Be in Worse Trouble Than You Think "

http://www.currencytrading.net/2008/are-bernankes-hands-tied-8-reasons-the-us-may-be-in-worse-trouble-than-you-think/

4 comments:

  1. hmm. the article didn't say anything about sovereign wealth fund.

    while usa and europe is tottering, there's a few nations with a lot of money to throw around....

    ReplyDelete
  2. One reason Asian (exclusive Japan) is not in trouble - Total amount of foreign reserve US$2.814trillion.

    Top 1 - China, PRC (US$1.639 trillion)
    Top 2 - China, Tiawan (US$277 million)
    Top 3 - Korea (US$262 million)
    Top 4 - Singapore (US$171 million)
    Top 5 - China, HK (US$160 million)

    (Source: Haver Analytics, Datastream, Feb 2008)

    Our futre is here (Asia)! Why worry?

    ReplyDelete
  3. mao,

    I think the stats you posted should all be in billion for top 2 - 5.

    Cheers
    hongjun

    ReplyDelete
  4. Thanks Hongjun, error regretted. Cheers......

    ReplyDelete