>From Crain's. The implications of the Chinese stop buying dollar
denominated investments and US treasuries is frightening. Interest
rates will escalate.
"The 13-nation euro hit a fresh record against the dollar -- rising to
$1.4729 -- before falling back. The dollar fell not only against the
euro but in Asia following a report that a senior Chinese political
figure said China should diversify its $1.43 trillion foreign exchange
reserves into the euro and other strong currencies."
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