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Where In The World Is Chinese Banker Zhou Xiaochuan? Stratfor Update

Where In The World Is Zhou Xiaochuan? Stratfor Provides Update As 1 Month Chinese Repo Surges By 50% 08/30/2010

For those seeking an update on today rumor du jour, here is Stratfor with some additional insights, if nothing definitive yet. But before we get into that, we have received the following update from our Chinese media readers across the Pacific: “Here is the link of the Ming Pao report. http://inews.mingpao.com/htm/INews/20100830/gb11502c.htm It says that “China may punish Zhou because China lost $430 billion foreign exchange on its Fannie and Freddie bond investment”. It doesn’t say anything about U.S. Treasury Bonds. The truth is that many Chinese thought China lost all its investment in Fannie and Freddie after they were delisted from NYSE. It is also wrong because China doesn’t invest with their stocks.” All in all, seems like lots of confusion pretty much everywhere, although the market is not taking any chances, with China’s 1 Month Repo exploding by nearly 50%.

http://www.zerohedge.com/article/where-world-zhou-xiaochuan-stratfor-provides-update-1-month-chinese-repo-surges-50

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