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  1. Watch for a lot more of these transactions as China begins to unload it’s dollar holdings to repatriate profits. The decline of the dollar as the world’s reserve currency begins in ernest as the Fed now has provided sufficient rope to hang itself.

    Chinese Group Buys 80% of AIG Plane Unit for $4.2 Billion

    http://www.bloomberg.com/news/2012-12-10/chinese-investors-buy-80-of-aig-plane-unit-for-4-23-billion.html

    Comment by dscott — December 10, 2012 @ 6:25 pm

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