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NewsWhore
07-19-2011, 05:00 PM
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Joke Is on China as U.S.&#39;s AAA Becomes Laughable: William Pesek (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNERL5kpK8Sqqgc8QdzTiZflMWFexg&url=http://www.bloomberg.com/news/2011-07-19/joke-is-on-china-as-u-s-s-aaa-becomes-laughable-william-pesek.html)
Bloomberg
Suddenly that $3 trillion of currency reserves looks like a bad idea. Make that very bad for China, as investors display an obvious preference for yen over dollars. That the IOUs of a debt-ridden, aging, politically adrift nation smarting from a huge ...

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