I don’t understand all this BRIC noise; especially China’s antics. Treasuries are as high as they can ever get; why can’t they silently start unloading a little at a time. I think market can digest about $1T per year without total collapse since Bernanke just proved it by quantitative easing. They can diversify enough in about 5-10 years without killing everybody. U.S. would be badly hurt, like ’70s, but the world won’t end.
