Wednesday, September 21, 2011
It's Good to Have Handy Info on Our Debt
As the California/U.S. economy continues to hover between bad and horrific, it's instructional to wake up on a Wednesday morning in balmy Burlingame and discover a free copy of the China Daily lying in the driveway. Every house on our block had one. Wonderful. We can use the fiscal wakeup call. Fortunately, the newspaper is written in English. Still, no matter what language is used, the financial news is not terrific. China (Japan isn't far behind) is a prime holder of U.S. debt. In other words, China is one of our biggest and most important bankers. At least this latest publication is now available so that we can monitor our important mortgage issues more closely. Maybe it's time to burn the credit cards once and for all. Or not.