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

To: russwinter who wrote (20231)	10/18/2004 10:51:58 PM
From: glenn_a	Respond to of 110194

((I'm sure you won't mind if I utilize in future discourse, your "gearing" term)) In fact I'd be honored. :) glenn

To: russwinter who wrote (20231)	10/19/2004 1:07:37 AM
From: Kailash	Respond to of 110194

Credit and Bond Bubble goes mainstream: Private Investors Abroad Cut Their Investments in the U.S. By EDUARDO PORTER Published: October 19, 2004 nytimes.com The flow of foreign capital contracted in August as private investors lost some of their appetite for American stocks and bonds, underscoring the United States' increasing dependence on financing from central banks in Asia. The Treasury Department reported yesterday that net monthly capital flows from the rest of the world fell for the sixth time this year, declining to $59 billion from $63 billion in July. Private investment from abroad fell by nearly half - to $37.4 billion in August from $72.9 billion the month before. Investors appear to be concerned over cooling growth and a rising American trade deficit. The only reason that the contraction was not more pronounced was that official financing, mainly from Asian central banks, jumped to nearly $23 billion in August from just over $6 billion in July.