Tuesday, Oct 16, 2007
Dollars coming home to roost
FT: Foreign investors flee US securities
"Foreign investors slashed their holdings of US securities by a record amount as the credit squeeze intensified, according to the latest Treasury figures.
The Treasury International Capital report – known as the Tic – for August will be closely watched because it appears amid growing concerns about the weakness of the US dollar, which hit a record low recently against a basket of major currencies."
Posted by trough2010 @ 11:55 PM (383 views) Add Comment
3 Comments
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1. whiteknight said...
At some point this becomes an outright sprint .. if it isn't already.
2. lvmreader said...
This will "encourage" other options.
Sold short, INVADE!
3. Orwell said...
So, currency down, interest rates up.... according to classic economic theory of course...