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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: adad69 who wrote (16602)7/16/2004 11:03:22 AM
From: Knighty Tin  Read Replies (1) | Respond to of 110194
 
What did I say about foreign investment in the U.S.? I don't remember that. I do remember saying that I expect foreigners to stop accepting clown bucks at face value soon, which is part of the same thing. When they start buying real assets, and I don't know if that is what your report is saying, and stop buying paper assets, the end is near for the dollar.



To: adad69 who wrote (16602)7/16/2004 11:21:25 AM
From: Les H  Respond to of 110194
 
Not enough to fund both deficits.

Net foreign purchases of US assets fell to 26% to $56.4 billion in May, from $76 billion hitting a 7-month low.