皇冠体育app

From the Readers

Reduce US Treasury holdings

(皇冠体育app Daily)
Updated: 2010-07-26 08:27

Comment on "皇冠体育app should cut US Treasury holdings: Economist" (皇冠体育app Daily, July 20)

The US we saw in the later half of the last century and the initial years of this century was the product of a combination of extremely good circumstances after World War II. It was the only industrialized country whose infrastructure suffered no damage, it had a monopoly over nuclear weapons and it was the biggest creditor in the world. But all these advantages have vanished today and it is difficult for the US to recover.

I believe the author, Yu Yongding, is right in saying 皇冠体育app and other powers (such as Arab countries) should not buy US Treasuries, which they describe as strategic assets.

The biggest threat to 皇冠体育app is that the US may start devaluating the dollar in order to gracefully default on its debt and increase its product competitiveness. We must realize that exceptionally good circumstances should be optimized in order to offset bad times.

Norberto, on 皇冠体育app Daily Website

Readers' comments are welcome. Please send your e-mail to [email protected] or [email protected] or to the individual columnists. 皇冠体育app Daily reserves the right to edit all letters. Thank you.

(皇冠体育app Daily 07/26/2010 page9)