Russia plans to keep selling its holdings of U.S. government debt, according to presidential economic advisor Arkady Dvorkovich.
On whether or not treasuries remained a good investment, Dvorkovich told the Wall Street Journal, "On an absolute basis, yes. On a relative basis, compared to other investments, of course not."
Russia has cut their position in U.S. debt substantially since late last year, down from $176.3 billion in October of 2010 to $125.4 billion, according to the WSJ.
Read more: http://www.businessinsider.com/top-russian-economic-official-says-country-will-keep-selling-us-debt-2011-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheMoneyGame+%28The+Money+Game%29&utm_content=Google+Reader#ixzz1Pp3K5LtT
On whether or not treasuries remained a good investment, Dvorkovich told the Wall Street Journal, "On an absolute basis, yes. On a relative basis, compared to other investments, of course not."
Russia has cut their position in U.S. debt substantially since late last year, down from $176.3 billion in October of 2010 to $125.4 billion, according to the WSJ.
Read more: http://www.businessinsider.com/top-russian-economic-official-says-country-will-keep-selling-us-debt-2011-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheMoneyGame+%28The+Money+Game%29&utm_content=Google+Reader#ixzz1Pp3K5LtT
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