* China would never admit to being worried about currencies.
* US eager to bailout Greece b/c it is eager to reassure sovereign debt holders.
* US much worse off compared to EU as a whole.
* This is an ongoing depression which is currently interrupted by deficit spending (making things worse).
* Next crisis will be a flight FROM the dollar. Current anti-euro sentiment will be reversed. Carnage in bond markets.

This entry was posted on Tuesday, June 1st, 2010 at 4:23 am and is filed under China, Dollar's Demise / Hyper-Inflation, Money/Economy/Taxes.