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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (70491)10/25/2007 5:28:24 PM
From: 8bits  Read Replies (1) of 116555
 
I think starting in the last couple of months, Asian CBs already stopped accumulating more. Not just that, they also started to sell what they had.

In august, yes, it remains to be seen if they will the process. Apparently on an annual basis the capital flight from the US exceed that of Argentina in 2001 (Argentina had a severe crunch in 2001 and devalued their currency by 75%)

Who is picking up the slack? who knows? may be the US Fed themselves! with some help from oil producing nations

The information for the former is publicly available... for the latter some consider Great Britain a proxy for the oil producing states.

If you are curious there is much discussion on this issue at this site:

rgemonitor.com
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