China's willingness to soak up dollars was a factor in creating financial crisis -- it kept t-bill rates (and therefore interest rates) low, and encouraged asset inflation.
China's willingness to soak up dollars was a factor in creating financial crisis -- it kept t-bill rates (and therefore interest rates) low, and encouraged asset inflation.
Rates of Interest As the 10-year to T-bill yield curve chart makes clear, we are not in Kansas anymore. We are in Wonderland and as you can see, in Wonderland interest rates and their interrelationships are at the center of events.
July 15, 2013 - GoldSeek.com