Foreign Investors Sell US Assets

[donsu]

http://www.theglobeandmail.com/servlet/story/RTGAM.20050516.wusdollar0516/BNStory/Business/


International investments in U.S. securities dropped to $45.7-billion (U.S.) in March from $84.1-billion in February, the U.S. Department of Treasury said Monday, further evidence that foreign central banks may be diversifying their holdings away from U.S. assets.

The March inflows fell well short of the $70-billion economists polled by Bloomberg had expected. Moreover, it is below the $65-billion to $75-billion that is needed to cover the U.S. current account deficit and outflows of foreign direct investment, according to a report by Adam Cole, senior currency strategist at RBC Capital Markets in London.

-snip-

Speculation has risen this year that Asian central banks are diversifying their holdings away from U.S. assets. Between 70 and 80 per cent of the U.S. economy's borrowing requirement is being met by foreign, mainly Asian, central banks, Harvard professor Niall Ferguson wrote in the New York Times earlier this year.
----------------------------------

[TexasLawyer]

1. We're sitting in the electric chair....

Several countries hold America's debt and they all have their fingers on the switch to an economic electric chair. The U.S. is sitting in it, strapped us in good and tight with Bush's massive tax cuts and his illegal wars.

The jolt, if and when it happens, will come on swiftly and painfully.

[CWebster]

2. Not good.

Not good at all.

[Double T]

3. After The Economic Armageddon, We Can Not Allow Corporations,.......

...Wall Street and Corrupt Politicians To Run The Show. It will be a much different world and we will have to adjust our lifestyle in order to survive.

[markus]

4. Guess they're dumping out of those "worthless IOUs"

issues by the Treasury Department.

Hey, George: *You* better watch what you say. Unless of course your goal is to sabotage the United States for your Saudi handlers...