An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, March 31, 2017
IMF Releases Data on the Currency Composition of Foreign Exchange Reserves Including Holdings in Renminbi
China's total foreign reserve holdings are in excess of ten trillion US.
Zombies gotta zombie....
ReplyDeleteThey could purchase about 7 months of US GDP ... as long as they weren't outbid by the US government :-)
ReplyDelete"Zombies gotta zombie...." Franko
ReplyDeleteE$pecially when they're getting welfare proportional to account balance for doing so.
The Swiss claim to an overvalued currency is just laughable.
ReplyDelete