Tuesday, April 14, 2009

Quote of the day

Quote of the day:


"If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.

- Yu Yongding, one of the Chinese government's top monetary economists, discussing why China took the rare step of selling US Treasuries in the first two months of the year. The saying is originally attributed to John Maynard Keynes."
Thanks to @Lura_Forcum for originally tweeting this.

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