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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (2533)6/21/2003 1:31:40 AM
From: LLCF  Read Replies (2) | Respond to of 4905
 
There was some argument about dollar holdings abroad a while back.... whether there was a real 'market clearning' of the dollar, where they were really being accumulated because buyers 'liked America as an investment' or not... here's something from ISI:

"We think of these as autonomous purchases because the flows are based not on the attractiveness of the securities as investments, but instead reflect macro policy decisions by foreign governments"

DAK