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

To: patron_anejo_por_favor who wrote (26077)	2/8/2005 5:03:40 PM
From: ild	Read Replies (1) \| Respond to of 110194

Snow not worried about foreign holdings of US debt Tue Feb 8, 2005 12:27 PM ET WASHINGTON, Feb 8 (Reuters) - The rising percentage of U.S. debt that is owned by foreigners was not troubling currently, Treasury Secretary John Snow said on Tuesday . "Not at current levels," Snow answered when asked whether growth in foreign debt owned by foreigners to about 44 percent currently from 30 percent in 2001 was worrisome. Snow declined to specify what would constitute a worrying level. "I don't know whether I want to draw a line there and identify any particular level," Snow said. "I don't think it's helpful for me to draw a line and say that anything above that is where the alarm bells go off." Snow added the United States remained a favored site for foreign investors because it was "the safest, most secure investment in the world" and suggested that would continue.