Hillary Clinton’s Parting Words to the Chinese – Let’s Look at the Tape Again
Treasuries fell for a third day as the government sold $22 billion of seven-year notes in the last of three auctions this week as it issues an unprecedented amount of debt to spur the U.S. economy.
Secretary of State Clinton’s plea that the Chinese government continue to purchase US paper now comes into sharper perspective. It’s important to encourage/schmooze your biggest customer when you’re about to roll out a record-breaking amount of product.
By the way, if issuing all this government debt spurs the economy, what happens to the economy when we go to pay it back?