Thanks for digging up the Treasury data. I knew the UK is a bigger
holder of U.S. bonds than Japan. It is a sad misconception that
people still think Japan is the largest holder of US bonds. That is
just not so. I must say that I am surprised to not have seen China
higher up. In 1996, they were indeed bigger buyers of US bonds than
Japan. But my memory failed me on that point: it's been a year that
I stopped covering fixed income.
I thought of providing Aloha with a list of my sources to confirm.
Honestly, there is little recourse one can take to counter claims
except to provide independent sources like you did. Well, I would
like to add to your accurate data a couple of more CURRENT sources.
Mr. Pineapple should consider calling the Federal Reserve Board of
Governors (202) 452-3540. It also just happens that Louis Crandall,
an analyst at Wrightson Associates, is doing a piece on the topic
of foreign ownership of U.S. bonds this week. I confirmed your
numbers with him: the UK is indeed the largest holder of US bonds
now like I posted earlier today. Japan, however, is the largest
holder of sumi wrestlers. Thank you very much.
As for my bullishness on THQI during the Ides of March, I started
to buy at $18 actually. Look at my post #4118 on March 17 at 12:44
p.m. Here is a link for the non-credulous skeptics (it's a good
thing.) www3.techstocks.com
I like to average up sometimes. Yes, I was a buyer at $26 as well
(and at $20, $21 and Sigmund's sell price of $25) Take a look at my
other posts for the record.
R Keeling, thanks for your research. Things are not always as they
seem, especially with Japan, the #2 holder of US Treasuries. It's
time for pineapple dim sum. Aloha.
Bleeker
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