China bought more than $4.6 billion worth of U.S. Treasury securities in February, despite fears that the United States' top foreign lender may be growing nervous about its massive holdings of U.S. government debt.
"I don't think there's any real evidence of a turn away from U.S. securities, certainly no evidence of a turn away from Treasuries," says Brad Setser, a former Treasury Department economist now with the Council on Foreign Relations.
That may change.
Yesterday WE THE PEOPLE sent a message to the world that we will no longer allow ourselves to be taxed into poverty to cover the losses of reckless business ventures.
Foreign investors had to notice.