US

David Goldman: China's Dumping Of US Assets Means A Coming Spike In Borrowing Costs

Last night on Kudlow, credit analyst David Goldman discussed the news that China is dumping any US fixed-income assets that aren’t explicitly backed by the government.

What does this mean? Trouble for banks and big increases in borrowing costs for businesses. His comments come around the 11:00 mark. Before that Greece is discussed, which is also worthwhile.

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