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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Worswick who wrote (806)2/17/1999 8:17:00 AM
From: Sam  Read Replies (1) of 2794
 
Good morning, Clark,
re: japanese taking their chips home with them
I informally track foreign reserves of US debt in Barrons every week. A year or so ago, the number was going up, up up. Got up to around $640 or $650 billion at one point. Then last spring it started to drift down. Got down to around $550 or $560, as I recall, sometime late in the summer, early autumn. Then it reversed again, slowly drifting up, and it sits at just about $600 billion, as of last week's numbers. It seems to me that this number would be going down not up if the Japanese had decided to sell their dollars.

Best,
Sam
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