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| User Info | Windup Wednesday; entered at 2008-05-21 13:53:05 | |||
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Quads4444 Posts: 1637 Registered: 2007-11-09 
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Foreign money is eating up Treasuries and agencies. http://www.federalreserve.gov/releases/h.... See..."marketable securities held in custody for foreign official and international accounts". It was 2.285 trillion may 14, 2008. This compares to 2.064 trillion Jan 3, 2008. That is an increase of 221 Billion in four and a half months. That comes out to 29% compound annual rate. Hmmmm. Is the oil money supporting our deficits, supporting our mortgage markets, supporting our economy, keeping interest rates low and indirectly supporting the stock market? Great plan Bernanke. Keep the economy and Wall Street afloat by allowing record oil prices, which then creates a market for our debt securities. That's a sound economic strategy, isn't it? 2008-05-21 13:53:05
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