Read between the lines, ...

[North Pack]

For every action, - there's a reaction. BO's spending spree has set the stage for a much lower dollar = inflation ahead. China is the world's biggest holder of U.S. debt, getting worried - and "wants out". .... In the long-term - not a good sign.
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Diversifying Reserves

The Dollar Index fell 0.7 percent to 79.87. The restatement of Governor Zhou Xiaochuan’s proposal in March added to speculation that China will diversify its currency reserves, the world’s largest at more than $1.95 trillion. Chinese investors, the biggest foreign owners of U.S. Treasuries, reduced holdings by $4.4 billion in April to $763.5 billion after Premier Wen Jiabao expressed concern about the value of dollar assets.

“There will be diversification among global central banks,” said Beat Siegenthaler, chief emerging markets strategist at TD Securities Ltd. in London. The comments from China “tend to remind traders of that, but there’s still a question about the time horizon.

[airgunandy]

Ya know, the Democrats (and some liberal Republicans) have been crying doom and gloom ever since G. W. Bush won in 2000. And they've worked their butts off to make those dire predictions come true. We should give them a round of applause for all the hard work they've done to self-fulfill their prophecies. For eight long years they have told us about the worse economy since the depression, and now look at what they have accomplished!

Let's all stand up and give them a big (Bronx) cheer!