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China has annoumced that it holds in the excess of 1 trillion dollars in its foriegn currency |
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Written by Bill Stone
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Monday, 14 May 2007 |
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The peoples republic of China has annoumced that it holds in the excess of 1 trillion dollars in its foriegn currency holdings. This has accumalted from the vast industry that seems to have swept China. To put all this in perspective if each 100 dollar bill ( 100 dollars is the highest denomanation ) were stacked together the stack would strecth from New York to Chicago. Thats a lot of money. In an case there is much speculation as to where all this money will be invested and anylists have projected that this money will be moved from up till now very safe investments to more aggressive high yield profit schemes.In other words the Stock market. If this is the case we may be seeing another bullish run on top of the run we have been seeing in the last two years or so. We will have to wait and see. hey buddy can you spare a dime? |