Friday, August 19, 2011

Biden seeks to reassure China on U.S. debt
U.S. Vice President Joe Biden on Friday said China had "nothing to worry about" concerning the safety of its vast holdings of Treasury debt, while China's Premier Wen Jiabao gave a ringing endorsement of the resilience of the debt-ridden U.S. economy. 
Given the track record of government leaders and central bankers, and their attempts to soothe markets, it's time to worry.

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