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View Full Version : rumors that Zhou Xiaochuan, governor of the PBC, has fled.



freetx
08-30-2010, 03:06 PM
For those seeking an update on today rumor du jour, here is Stratfor with some additional insights, if nothing definitive yet. But before we get into that, we have received the following update from our Chinese media readers across the Pacific: "Here is the link of the Ming Pao report. http://inews.mingpao.com/htm/INews/20100830/gb11502c.htm It says that "China may punish Zhou because China lost $430 billion foreign exchange on its Fannie and Freddie bond investment". It doesn't say anything about U.S. Treasury Bonds. The truth is that many Chinese thought China lost all its investment in Fannie and Freddie after they were delisted from NYSE. It is also wrong because China doesn't invest with their stocks." All in all, seems like lots of confusion pretty much everywhere, although the market is not taking any chances, with China's 1 Month Repo exploding by nearly 50%.

....read more....

http://www.zerohedge.com/article/where-world-zhou-xiaochuan-stratfor-provides-update-1-month-chinese-repo-surges-50

wgadget
08-30-2010, 07:53 PM
Can we get Bernanke to defect somehow?

RFID trumps
08-30-2010, 07:55 PM
Sounds quite the ripple maker if true. One video may add some weight to this story, sounds similar enough. This seems to be related I'd think...http://www.youtube.com/watch?v=xxjVi8DYLuA&feature=channel

Carpenter
08-30-2010, 08:14 PM
Can we get Bernanke to defect somehow?

Not a snowballs chance in .......... we reward failure with a second term

ThePriceIsRight
08-31-2010, 05:50 AM
How do you lose 430B on treasuries? Are they really making that kind of levered bets?

AveragePers
08-31-2010, 06:50 AM
For those seeking an update on today rumor du jour, here is Stratfor with some additional insights, if nothing definitive yet. But before we get into that, we have received the following update from our Chinese media readers across the Pacific: "Here is the link of the Ming Pao report. http://inews.mingpao.com/htm/INews/20100830/gb11502c.htm It says that "China may punish Zhou because China lost $430 billion foreign exchange on its Fannie and Freddie bond investment". It doesn't say anything about U.S. Treasury Bonds. The truth is that many Chinese thought China lost all its investment in Fannie and Freddie after they were delisted from NYSE. It is also wrong because China doesn't invest with their stocks." All in all, seems like lots of confusion pretty much everywhere, although the market is not taking any chances, with China's 1 Month Repo exploding by nearly 50%.

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Mingpao declared that it was a fake news.

Goldrat
08-31-2010, 07:09 AM
Can we get Bernanke to defect somehow?

What country would have him? Canada? Mexico? Forget Europe. We don't want him. He is not even worthy of picking up my litter.

revitup
08-31-2010, 08:48 AM
Just goes to show as things continue down this wide path the choice/number of safe investments is diminishing, soon there will only be one or two choices left (PMs).