Greenspan not worried Chinese will dump Treasuries

[jk]

http://news.yahoo.com/s/nm/20070612/...greenspan_dc_1

Greenspan not worried Chinese will dump Treasuries


my favorite excerpt:

Asked at a commercial real estate conference if investors should be worried about this oft-cited concern, Greenspan said: "I wouldn't be, no."
Still, Greenspan said the reason such a withdrawal was unlikely was that China would not have anyone to sell the securities to, hardly the sort of comfort jittery bond investors were seeking.

[Mega]

Re: Greenspan not worried Chinese will dump Treasuries

.....................and the Dow went up.

One day very soon....................BANG!
Mega

[rachits]

Re: Greenspan not worried Chinese will dump Treasuries

Rewind a few hundred years back in Netherlands...

Alan van Greenspan not worried iTulip (largest holder of tulips) will dump tulips

Asked at a tulip trader conference if investors should be worried about this oft-cited concern, van Greenspan said: "I wouldn't be, no."
Still, Greenspan said the reason such a withdrawal was unlikely was that iTulip would not have anyone to sell the tulips to, hardly the sort of comfort jittery tulip investors were seeking.