The US Dollar being supported by China and India

I have read several articles talking about former Harvard president and Senior Haus alum Lawrence Summers and his advice for Asia. It is very well received, especially in South Asia. Things like not investing in US Treasury Bonds, since there is not any real return to be had by buying them.

Only problem is, I have read a lot of other articles about investments – and in many cases, there aren’t actually enough things to invest in with all the money China and India have. While it would be nice to buy bonds in Asia and not in the USA, Asia only produces about 1% of the bonds the USA does. That does give the USA some time to clean up its monetary act, for the time when there are substantial investments Asian governments can make in their own region.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: