Reassuring Al

Big Al Greenspan said that there's no reason to fear China dumping U.S. debt:

Asked at a commercial real estate conference if investors should be worried about this oft-cited concern, Greenspan said: "I wouldn't be, no."

And why did Big Al feel so confident?

Still, Greenspan said the reason such a withdrawal was unlikely was that China would not have anyone to sell the securities to, hardly the sort of comfort jittery bond investors were seeking.

Swell Al. No wonder interest rates are going up.