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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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