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This is true. When the recent legislation included "Buy American," though, there was a monolithic backlash because of the profound damage that would occur to international treaties. On the subject of treasuries, China can't really diversify away from US debt, especially when they're sitting...

Well, a considerable rally today, in part on news that he's going to be the next Treasury Secretary. He is certainly a competent, and has served under Rubin and Summers. And he speaks Chinese. How do you guys feel about him?