送交者: clriufs3 于 December 06, 2011 15:28:01:
回答: 文章提出了一个非常重要的问题，但文章作者确是非常无知的 由 戈壁 于 December 06, 2011 10:10:15:
1. 如何处理三万多亿美元的外汇储备不是一个简单的问题。
Reflection should be on how we got this huge reserve to deal with in the first place. How could the policy makers prevent this problem in the future?
2. 应该大量增加进口，将外贸盈余转为赤字，但这样做的结果是gdp下降，依赖出口的企业大批破产，
Why GDP would go down? If China goes consumerism, export business would fare just fine?
3. 文章关于两房债券的说法是完全错误的。股票和债券完全是两回事，
I think the article was talking about Fannie Mae debt not its stock. I don't know which kind of debt China purchased. (http://www.fanniemae.com/markets/debt/understanding_fm_debt/glossary.jhtml)
But two apparent issues, debt interest is due in US dollars, and faces the same inflation risk. Second, Fannie Mae can also threat bankruptcy, and everyone creditor takes 50% haircut.
The argument for Fannie Mae debt purchase is similar to the argument for US debt purchase. Reconciliation will be needed in the case of for Fannie Mae debt purchase and not for US debt purchase.