Annual Report of the Comptroller of the Treasury Department, for the Fiscal Year Ended September 30, 1891, to the General Assembly of Maryland. Volume 1892
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Dow Down Another 450 Points
China May Dump US Treasuries and Move to Buy Euro Bonds
Alex Ansary UNN Newsroom September 28, 2011 In August, No new jobs have been created. A new report says the number of new jobs roughly equaled the number of jobs lost. the length of the average workweek fell slightly to 34 hours. This is the first time a jobs report has come in at zero since February 1945. The AP reports that unemployment for young people is the highest since World War II, and they risk living in poverty more than others – nearly 1 in 5. China has stated their plan to liquidate US treasuries. Their central bank plans to down their portfolio of US debt as soon as possible. Li Daokui at the World Economic Forum say that they intend to move from foreign reserve holdings to physical assets including stakes in Boeing, Intel, and Apple. He said Once the US Treasury market stabilizes they can liquidate more of their holdings.. All this after five of the world’s top central banks moved to flood the markets with dollars. The European Central Bank said it will work closely with the Federal Reserve, the Bank of England, the Bank of Japan, and the Swiss National Bank. Their plan is to offer 3 month loans to banks until the end of the year. The FED has just launched their ‘Twist’ stimulus initiative….sure to be packed full of lemons… They The Fed plan spend about $400 billion buying back bonds maturing withing 3 years and swapping this for longer-term debt. They claim this will help boost loans and keep interest rates down yet this plan puts no money directly into …