Treasury Holdings: China Still Number 1

Since China has overtaken Japan in September 2008, it has maintained top spot of holding U.S. debt every month as of January 2010. However, both China and Japan are offloading trasury securities at a steady clip over the past few months. China as of January 2010 held $889 billion of U.S. debt.

Laudable Effort

Obama administration's twin goals of doubling the exports in five years and investing 3% of GDP every year in R&D are praiseworthy. It is to be seen how it gets executed.