送交者: skipper3 于 2005-7-24, 00:49:46:
回答: Don't be picky. 由 Latino2 于 2005-7-24, 00:24:19:
easy everyone who has basic knowledge of macro-economics can tell you the same thing.
I believe the effect of chinese buying US treasury has been qualitatively exaggerated. Chinese now holds approx $250B worth of US debt. That's about $1000 per US people.
In simplified term, the effect to the US interest rate can be eliminated if each American family puts an average of $3-4000 more into the down pay of their house. Of course, if Chinese starts to dump US debt, there will be a sharp increase in US interest rate. But this will be a short term effect provided such interest rise will not cause structure damage to US economy.
In not so simplified terms, things may be a little bit complicated. Price elasticity (both to the money, the interest rate, and to the house) will play its role in the game, as supply of money and demand of house will change a little bit if chinese central bank gradually unloads US debt.