Comments on: Quote of the day: China hopping mad about GSEs http://www.creditwritedowns.com/2008/08/quote-of-day-27-aug-2008-china.html a finance news and opinion site Mon, 22 Mar 2010 06:53:58 +0000 hourly 1 By: China buys gold that the IMF and others are selling… (update)http://www.creditwritedowns.com/2008/08/quote-of-day-27-aug-2008-china.html#comment-4800 China buys gold that the IMF and others are selling… (update) Sat, 25 Apr 2009 06:11:54 +0000 http://www.creditwritedowns.com/2008/08/quote-of-the-day-27-aug-2008-china.html#comment-4800 [...] The U.S. sub-prime mortgage market implodes, causing Fannie and Freddie to go bust. The Chinese start dumping GSE paper. (27 Aug 2008 post) [...] [...] The U.S. sub-prime mortgage market implodes, causing Fannie and Freddie to go bust. The Chinese start dumping GSE paper. (27 Aug 2008 post) [...]

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2008/08/quote-of-day-27-aug-2008-china.html#comment-213 Edward Harrison Thu, 28 Aug 2008 11:58:00 +0000 http://www.creditwritedowns.com/2008/08/quote-of-the-day-27-aug-2008-china.html#comment-213 Yves Smith over at naked capitalism noticed that monetary authorities were actually discussing intervening on the dollar:<br/><br/>http://www.nakedcapitalism.com/2008/08/nikkei-eu-japan-us-discussed.html<br/><br/>But, these are all floating rate currencies. Your article about the Chinese intervention is interesting because I do believe we will see some busted pegs at some point in Asia or the middle east.<br/><br/>It also is clear that the Chinese can hold US treasuries and GSE paper using the same arms-length proxies. Yves Smith over at naked capitalism noticed that monetary authorities were actually discussing intervening on the dollar:

http://www.nakedcapitalism.com/2008/08/nikkei-eu-japan-us-discussed.html

But, these are all floating rate currencies. Your article about the Chinese intervention is interesting because I do believe we will see some busted pegs at some point in Asia or the middle east.

It also is clear that the Chinese can hold US treasuries and GSE paper using the same arms-length proxies.

]]> By: pejhttp://www.creditwritedowns.com/2008/08/quote-of-day-27-aug-2008-china.html#comment-206 pej Wed, 27 Aug 2008 07:43:00 +0000 http://www.creditwritedowns.com/2008/08/quote-of-the-day-27-aug-2008-china.html#comment-206 yeps. I mentioned this a few days ago here http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia<br/><br/>But more importantly, it seems like china would try to prop up it's economy by intervening on the Forex markets to prop up the USD?<br/>http://realitylenses.blogspot.com/2008/08/us-dollar-rebound-results-from-chinese.html yeps. I mentioned this a few days ago here http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia

But more importantly, it seems like china would try to prop up it's economy by intervening on the Forex markets to prop up the USD?
http://realitylenses.blogspot.com/2008/08/us-dollar-rebound-results-from-chinese.html

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