{"id":280,"date":"2009-02-13T11:46:05","date_gmt":"2009-02-13T16:46:05","guid":{"rendered":"http:\/\/at-scm.com\/index.php\/2009\/02\/13\/personal-observations\/the-shell-game-end-game\/"},"modified":"2009-02-13T11:52:13","modified_gmt":"2009-02-13T16:52:13","slug":"the-shell-game-end-game","status":"publish","type":"post","link":"http:\/\/at-scm.com\/index.php\/2009\/02\/13\/personal-observations\/the-shell-game-end-game\/","title":{"rendered":"The shell game end game"},"content":{"rendered":"

We’re in the show your cards stage of the shell game that we’ve been playing for a while – the greater part of more than a decade. It feels like we’ve been played but that’s only because we’re not really the players – we’re the pawns in a high stakes game.<\/p>\n

Consider one of the players – China. Now, note how the headlines changed in a matter of weeks:<\/p>\n

Jan 8, 2009 – U.S. debt is losing its appeal in China<\/a><\/p>\n

\n

At first glance, the declining Chinese appetite for U.S. debt -apparent in a series of hints from Chinese policy makers over the past two weeks, with official statistics due for release in the next few days – comes at an inopportune time. On Tuesday, the U.S.president-elect, Barack Obama, said Americans should get used to the prospect of "trillion-dollar deficits for years to come" as he seeks to finance an $800 billion economic stimulus package.<\/p>\n<\/blockquote>\n

Feb 11, 2009 – China to stick with US bonds<\/a><\/p>\n

\n

Mr Luo, speaking at the Global Association of Risk Management’s 10th Annual Risk Management Convention, said: <\/p>\n","protected":false},"excerpt":{"rendered":"

We’re in the show your cards stage of the shell game that we’ve been playing for a while – the greater part of more than a decade. It feels like we’ve been played but that’s only because we’re not really the players – we’re the pawns in a high stakes game. Consider one of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,18,17],"tags":[],"class_list":["post-280","post","type-post","status-publish","format-standard","hentry","category-finance","category-government","category-personal-observations"],"_links":{"self":[{"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/posts\/280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/comments?post=280"}],"version-history":[{"count":0,"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/posts\/280\/revisions"}],"wp:attachment":[{"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/media?parent=280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/categories?post=280"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/at-scm.com\/index.php\/wp-json\/wp\/v2\/tags?post=280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}