Tuesday, December 21, 2004

The superpower's super depts

From the Washington Times:
Foreigners put up 90 percent of the $2 billion required every day to make sure Uncle Sam's checks don't bounce. (...) The United States' foreign creditors hold an estimated $11 trillion in U.S. "paper", or 43 percent of the superpower's privately held national debt, up from 30 percent since George W. Bush became the 43rd president. China, Japan and Saudi Arabia are among the biggest dollar stakeholders, and they have seen their assets fall 35 percent against the euro and 24 percent against the yen.

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