Japan has re-taken its place as the top foreign holder of U.S. debt, as China sold off a record amount of their U.S. Treasury holdings in December. This could have a lot of implications (without a creditor continously buying our debt and lending us new capital, that brings on hyperinflation), but it could also be China just talking smack (as the latter part of the article explains, pushing too hard and bringing us down will just bring China down too).
In any event, I thought this would be a much bigger story, at least in the business papers. But I guess they're concerned with other things, like the Winter Olympics or how Ellen is doing on American Idol.
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