ABCP investors could loss half their money

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=LDLYBDWQGNA1FQFIQMFCFFWAVCBQYIV0?xml=/money/2007/09/05/bcnchina105.xml

Is China quietly dumping US Treasuries?

Are we looking at deeper trouble here

And jobs creation was only 38,000 for August.

Btw, saw this today too.
Is China quietly dumping US Treasuries?
“. . . .A sharp drop in foreign holdings of US Treasury bonds over the last five weeks has raised concerns that China is quietly withdrawing its funds from the United States, leaving the dollar increasingly vulnerable.

Data released by the New York Federal Reserve shows that foreign central banks have cut their stash of US Treasuries by $48bn since late July, with falls of $32bn in the last two weeks alone. . . . “

China threatens ‘nuclear option’ of dollar sales
” . . . .The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

Two officials at leading Communist Party bodies have given interviews in recent days warning – for the first time – that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. . . . “

-A-