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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (229974)	11/23/2009 2:12:47 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

RE: Foreign switching to Treasuries from MBS: Just saw this on Zero-Hedge coincidentally: September International Capital Flow Detail Submitted by Tyler Durden on 11/22/2009 14:26 -0400 In September, foreigners purchased $55.7 billion of domestic securities, offset by $15 billion of foreign purchases by US residents, for a net capital inflow of $40.7 billion. The bulk of foreign purchases was conducted by private investors ($44.8 billion) and the balance of $10.9 billion was by foreign official institutions. Segregated by product, foreigners purchased $44.7 billion in Treasurys ($19 billion official, 25.7 billion private), sold $1.7 billion in MBS/Agencies ($6.5 billion purchased by privates and $8.3 billion sold by banks), sold $2.9 billion in corporate bonds (entirely at the behest of private entities), and purchased $15.7 billion in stocks, once again almost entirely by private entities. An LTM analysis of TIC indicates why the Fed is still critical in maintaining a visible bid under the MBS market. In the latest twelve months, foreigners purchased $330 billion in Treasuries, sold $17 billion in corporate bonds (surprising, considering the massive inflows into corporate funds domestically), purchased a whopping $107 billion in stocks and sold $126 billion in Agencies. Take the Fed out of the picture and watch the rate on those 30 Year Fannies explode. More....... zerohedge.com Just how will offering health insurance to 30 million more Americans save money???? Uhhhh. I don't know. We have 1.25 billion uninsured here in China.... It used to be that SNL had some wonderful but silly spoofs... land shark, killer bees, cone heads, etc. They got a little more politically conscious during the Clinton admin - but they always liked to goof on the Prez. Clinton chowing down at the McDonalds - no end to MonicaGate. I never recall them being economically conscious. In general the younger group isn't interested or doesn't know squat about economics. Maybe the crowd which was weaned on SNL is still the main audience. Regardless, until now I NEVER saw a Treasury secretary being roasted or a Prez getting it for economic policy. I love it.