Sunday, April 27, 2008

The Debts of the Lenders: Dollar Slides as Asians Desert Treasuries

I've said it before and I'll say it again. Foreigners are the lifeblood of the US economy.
America can't keep taking foreign money for granted.

Japan owns more Treasuries than any other nation. After raising their holdings by $9.2 billion to $620.6 billion between March and July 2007, Japanese investors trimmed that stake by $34 billion through February, the Treasury said April 15.

Asian investors outside Japan are also pulling back. Money managers in China, the second-biggest overseas holder of Treasuries, with $486.9 billion, and South Korea say they favor debt in Europe, equities or commodities.


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