Chinese to Geithner: you're full of shit

DamnYankee

DamnYankee

Loyal to the end
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.

His answer drew loud laughter from his student audience, reflecting skepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.
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http://finance.yahoo.com/news/Geithner-tells-China-its-rb-15396905.html?.v=2
 
One report says that the Chinese students laughed at Geithner's assertion...

Fox doesn't mention it at all...

One of them isn't telling the full story or one of them is at the very least spining its coverage.....

the title of the thread is erroneous??? we can't know that from these reports
 
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maineman said:
so you admit that the title of the thread is erroneous?

thanks for clearing that up.
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Actually, if you're referring to my comment about the Fox report, I merely stated that they reported, leaving the interpretation up to the reader. In this case 'drawing loud laughter" can reasonably be interpreted as the statement that preceded it was obviously full of shit.

How else would you interpret it? :)
 
bravo said:
One report says that the Chinese students laughed at Geithner's assertion...

Fox doesn't mention it at all...

One of them isn't telling the full story or one of them is at the very least spining its coverage.....

the title of the thread is erroneous??? we can't know that from these reports
Click to expand...
Fox didn't report on the laughter, but did report that several students asked "pointed" questions, indicating "concern" about the US financial situation.
 
Speaking at Peking University, Mr Geithner said: "Chinese assets are very safe."

The comment provoked loud laughter from the audience of students. There are growing fears over the size and sustainability of the US budget deficit, which is set to rise to almost 13pc of GDP this year as the world's biggest economy fights off recession. The US is reliant on China to buy many of the government bonds it is planning to issue but Beijing's policymakers have expressed concern about the strength of the dollar and the value of their investments.
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http://www.telegraph.co.uk/finance/...r-insists-Chinese-dollar-assets-are-safe.html


“Chinese assets are very safe,” Mr Geithner said, answering a question after his opening address at Peking University this morning.

His answer was greeted with laughter by the students, who question the wisdom of China spending huge amounts of money on US bonds instead of improving domestic living standards.
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http://business.timesonline.co.uk/tol/business/economics/article6405027.ece
 
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