lawyer salary up to $950

[hanratty21]

Not looking to rehash this, but this article on CNBC.com made some good points about the China/US debt relationship -- seemed pertinent.
http://www.cnbc.com/id/30997317/

China buys U.S. Treasury paper because it's in their own best, rational investment interests to do so. In short, they must.

Because of China's terms of trade with the U.S., and its policy to maintain a stable currency, the country accumulates enormous amounts of U.S. dollars. It has to do something with them, and that something is to invest in dollar-denominated assets.

The dollar-denominated assets of overwhelming choice are U.S. Treasury securities - because of their ample supply, selling in deep, liquid markets, and safety, they provide the best risk-adjusted rates of return in the world.

It is as crazy to speculate that the Chinese will suddenly stop buying assets from the U.S. as it would be to speculate that the U.S. would suddenly stop selling assets to the Chinese! This would be a revival of war games-style mutually-assured destruction!

[gerbick]

We go down, we're taking waaaay too many people down with us, especially China. China has yet to establish the RMB as a "world currency" yet like the US Dollar or Euro. Not stable enough for long enough.

[derepiglectopet]

$950 is nuthing. Look at soccer players !

[gerbick]

Soccer? Aren't you an Aussie? Don't you mean football players?

[derepiglectopet]

eh? In Australia soccer is football, unless your refering to AFL.

[Jujumon]

aussie rules, crazy sport. it's like football, rugby, ice hockey, and basketball rolled into one.

[gerbick]

eh? In Australia soccer is football, unless your refering to AFL.

The fact that you said "soccer" is just... odd for an Australian. That's a rather American thing to do der piglet.