Only game in town?
<p><span word="Reader">Reader</span> <span word="question">question</span>:</p><p><span word="In">In</span> <span word="this">this</span> <span word="headline">headline</span> – <span word="Treasuries">Treasuries</span>, <span word="dollar">dollar</span> “<span word="only">only</span> <span word="game">game</span> <span word="in">in</span> <span word="town">town</span>” <span word="as">as</span> <span word="China">China</span> <span word="buys">buys</span> – <span word="what">what</span> <span word="does">does</span> “<span word="only">only</span> <span word="game">game</span> <span word="in">in</span> <span word="town">town</span>” <span word="mean">mean</span>?</p><p><span word="My">My</span> <span word="comments">comments</span>:</p><p><span word="It">It</span> <span word="means">means</span> <span word="China">China</span> <span word="doesn">doesn</span>’<span word="t">t</span> <span word="have">have</span> <span word="an">an</span> <span word="alternative">alternative</span>.</p><p><span word="To">To</span> <span word="spend">spend</span> <span word="all">all</span> (<span word="or">or</span> <span word="almost">almost</span> <span word="all">all</span>) <span word="its">its</span> <span word="foreign">foreign</span> <span word="exchange">exchange</span> <span word="reserve">reserve</span> <span word="on">on</span> <span word="one">one</span> <span word="currency">currency</span> <span word="is">is</span> <span word="risky">risky</span>, <span word="but">but</span> <span word="for">for</span> <span word="China">China</span>, <span word="buying">buying</span> <span word="American">American</span> <span word="paper">paper</span> <span word="is">is</span> <span word="still">still</span> <span word="better">better</span> <span word="than">than</span> <span word="buying">buying</span>, <span word="say">say</span>, <span word="the">the</span> <span word="Japanese">Japanese</span> <span word="yen">yen</span>.</p><p><span word="In">In</span> <span word="short">short</span>, <span word="there">there</span>’<span word="s">s</span> <span word="no">no</span> <span word="better">better</span> <span word="choice">choice</span>. <span word="As">As</span> <span word="Jeffrey">Jeffrey</span> <span word="Caughron">Caughron</span>, <span word="an">an</span> <span word="associate">associate</span> <span word="partner">partner</span> <span word="in">in</span> <span word="Oklahoma">Oklahoma</span> <span word="City">City</span> <span word="at">at</span> <span word="The">The</span> <span word="Baker">Baker</span> <span word="Group">Group</span> <span word="Ltd">Ltd</span>, <span word="explains">explains</span> (<span word="Bloomberg">Bloomberg</span>.<span word="com">com</span>, <span word="June">June</span> 1, 2009): “<span word="The">The</span> <span word="U">U</span>.<span word="S">S</span>. <span word="Treasury">Treasury</span> <span word="market">market</span> <span word="is">is</span> <span word="the">the</span> <span word="widest">widest</span>, <span word="deepest">deepest</span>, <span word="most">most</span> <span word="actively">actively</span> <span word="traded">traded</span> <span word="market">market</span> <span word="in">in</span> <span word="the">the</span> <span word="world">world</span>. <span word="There">There</span>’<span word="s">s</span> <span word="really">really</span> <span word="no">no</span> <span word="other">other</span> <span word="game">game</span> <span word="in">in</span> <span word="town">town</span>.”</p><p>“<span word="The">The</span> <span word="only">only</span> <span word="game">game</span> <span word="in">in</span> <span word="town">town</span>” <span word="is">is</span> <span word="the">the</span> <span word="catch">catch</span> <span word="phrase">phrase</span> <span word="in">in</span> <span word="question">question</span> <span word="here">here</span>. <span word="According">According</span> <span word="to">to</span> <span word="the">the</span> <span word="American">American</span> <span word="Heritage">Heritage</span> <span word="Dictionary">Dictionary</span> <span word="of">of</span> <span word="Idioms">Idioms</span>, <span word="this">this</span> <span word="phrase">phrase</span> <span word="dates">dates</span> <span word="from">from</span> <span word="the">the</span> <span word="early">early</span> 1900<span word="s">s</span>, <span word="originally">originally</span> <span word="alluding">alluding</span> <span word="to">to</span> “<span word="a">a</span> <span word="gambler">gambler</span> <span word="looking">looking</span> <span word="for">for</span> <span word="a">a</span> <span word="game">game</span> <span word="in">in</span> <span word="a">a</span> <span word="strange">strange</span> <span word="town">town</span>.”</p><p><span word="A">A</span> <span word="Bookrag">Bookrag</span>.<span word="com">com</span> <span word="article">article</span> <span word="points">points</span> <span word="out">out</span> <span word="the">the</span> <span word="game">game</span> <span word="that">that</span> <span word="original">original</span> <span word="gambler">gambler</span> <span word="was">was</span> <span word="looking">looking</span> <span word="for">for</span> <span word="is">is</span> <span word="the">the</span> <span word="card">card</span> <span word="game">game</span> <span word="of">of</span> <span word="faro">faro</span>, <span word="a">a</span> <span word="gambler">gambler</span>’<span word="s">s</span> <span word="favorite">favorite</span> <span word="in">in</span> <span word="those">those</span> <span word="days">days</span>. <span word="When">When</span> <span word="friends">friends</span> <span word="advised">advised</span> <span word="him">him</span> <span word="against">against</span> <span word="it">it</span> – “<span word="because">because</span> <span word="the">the</span> <span word="game">game</span> <span word="is">is</span> <span word="notoriously">notoriously</span> <span word="crooked">crooked</span>” – <span word="the">the</span> <span word="addicted">addicted</span> <span word="gambler">gambler</span> <span word="famously">famously</span> <span word="replied">replied</span>: “<span word="I">I</span> <span word="know">know</span>, <span word="but">but</span> <span word="it">it</span>’<span word="s">s</span> <span word="the">the</span> <span word="only">only</span> <span word="game">game</span> <span word="in">in</span> <span word="town">town</span>.”</p><p><span word="In">In</span> <span word="Solitaire">Solitaire</span>, <span word="Karen">Karen</span> <span word="Carpenter">Carpenter</span> <span word="sings">sings</span>:</p><p><span word="There">There</span> <span word="was">was</span> <span word="a">a</span> <span word="man">man</span>; <span word="A">A</span> <span word="lonely">lonely</span> <span word="man">man</span>; <span word="Who">Who</span> <span word="lost">lost</span> <span word="his">his</span> <span word="love">love</span>; <span word="Through">Through</span> <span word="his">his</span> <span word="indifference">indifference</span></p><p><span word="A">A</span> <span word="heart">heart</span> <span word="that">that</span> <span word="cared">cared</span>; <span word="That">That</span> <span word="went">went</span> <span word="unshared">unshared</span>; <span word="Until">Until</span> <span word="it">it</span> <span word="died">died</span>; <span word="Within">Within</span> <span word="his">his</span> <span word="silence">silence</span></p>
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