Now other countries could doubt on United States because of the economy strength related in assuring that the American debt will be alright. All governments in many countries know that U.S. needs more money for financing estimated deficit in this year budget which is estimated about $1.75 trillion, really huge amount of money for other countries. But the president guarantees that all creditors in American debts will be protected because of the economic fundamental of U.S. are still strong though lots of decreasing activities happened during a year. This comment comes after some world leader doubt about the countries investment in American debt Treasury bond. China occurs as the most vocal country because of their large portion of investment in U.S. It is said about $1 billion of China’s invested in U.S. bond. The guarantee from president would make the creditors feel no doubt and no need to worry about economy strength. Yes, the economy crisis has hit anything including all reputations of U.S. as the biggest and trustable place for investing money.
Posted by
owner on
March 15, 2009 in
Finance
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Leave a Reply
