If this trend continues it will eventually chang our world. "as the chart below vividly demonstrates, the traditional diagonal rise in foreign holdings of US paper has not only pleateaued, but it is in fact declining: a first in the history of the post-globalization world." Up till now the US could import more than it exported becuase our trading partners bought our debt, then bought more, and more. If they no longer accumulate our debt, and no longer accumulate our currency as bank reserves it spells serious trouble for our economy and our currency. We may well soon see the price inflation that currency pegging and foreign exchange demand for the dollar have deffered for a long time.
Foreigners Sell Record $85 Billion In Treasurys In 6 Consecutive Weeks - Time To Get Concerned? | ZeroHedge:: www.zerohedge.com/news/foreigners-sell-record-85-b...erned
http://chumly.com/n/f6f030
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment