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Loan Modification
: Mortgage Lender Implode-o-MeterThe Most Dangerous Man in China
By Implode-Explode Heavy Industries
As the head of the China Investment Corp (CIC), it is Mr. Jiwei's job to invest a portion of China's growing supply of U.S. dollars. And with equities now in an uptrend, how Mr. Jiwei manages this mountain of money may well set the course of interest rates in the States for years to come.
That's because if Mr. Jiwei is ultimately successful in building wealth through investments in equities and commodities, China will likely find low-yielding U.S. Treasuries much less attractive as the emerging giant works to diversify its national portfolio.
Full post as published by Mortgage Lender Implode-o-Meter on May 07, 2009 (boomark / email).
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