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Further to the doomsday scenario - US investors had been net sellers.
That is unsustainable.
Steve Poser
Earl Adamy wrote:
>
> There is ample evidence available in the weekly Fed Reports that foreign central
> banks have been liquidating US debt holdings at a steady rate - balances have
> dropped by 10% from April '97 peak of 650+ billion. This appears to be offset by
> the decline in government demand for borrowing. The situation should not be a
> problem until such time as the US dollar reverses course - the whole debt pile
> may then indeed be a bubble.
>
> Earl
>
> -----Original Message-----
> From: Tin Mervin Yeung <tinyeung@xxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Monday, July 06, 1998 1:03 PM
> Subject: foreign holdings of US govt securities
>
> >Hi, RT's,
> >
> >Please help me find data to refute the following chart:
> >http://www.lfcity.com/chart11.htm
> >
> >If this chart is true, then we are not going to have a rising stock
> >market (+30% annually) for the next 50 years.
> >
> >Mervin
> >
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