The Death Of The Dollar Has Been Greatly Exaggerated
Nov. 18 (Bloomberg) — International demand for U.S. financial assets rose more than economists forecast in September as China surpassed Japan to become the biggest foreign holder of Treasuries. Total net purchases of long-term equities, notes and bonds increased a net $66.2 billion in September from $21 billion the previous month, the Treasury said today…
Nov. 18 (Bloomberg) — International demand for U.S.
financial assets rose more than economists forecast in September
as China surpassed Japan to become the biggest foreign holder of
Treasuries.
Total net purchases of long-term equities, notes and bonds
increased a net $66.2 billion in September from $21 billion the
previous month, the Treasury said today in Washington. Including
short-term securities such as stock swaps, foreigners bought a
net $143.4 billion, compared with net buying of $21.4 billion
the month before.
Foreign demand for U.S. agency debt from companies such as
Fannie Mae and Freddie Mac increased from a month earlier.
Purchases of long-term agency debt totaled a net $6.2 billion,
compared with net sales of $8.7 billion in August.
The U.S. trade deficit shrank in September by 4.4 percent
to $56.5 billion, the smallest in almost a year.
very odd thread
“I don’t know why some people are cheering on the end of the world. What has Brownstoner become, a diary for some sleeper cell?”
In case you didn’t get the memo, accusing people who disagree with you of being terrorists went out of fashion around 11:00pm, November 4, 2008.
The yen and the dollar are safe havens. I was being talked in off the ledge one depressing day by one client (india/dubai) who extolled the legal and political system of the US, nothing to sniff at right now, despite all our problems. Do you want to invest in an ethanol facility in Brazil or dump your money in US Treasurys. We know the answer on that one. And you may know about the yen “carry trade” whereby yen was sold to invest in higher yielding investments elsewhere. Well, those yen went home, to the boring, cash rich banks of Japan, where they don’t do exciting things and now everyone is happy about that. So the yen is strong, the dollar is strong, gold is hanging in, commodities getting DECIMATED. I don’t know why some people are cheering on the end of the world. What has Brownstoner become, a diary for some sleeper cell?
Not against the Yen. Besides, its something the What has been ranting about with no supportive evidence. Forget about it donatella. You are correct, it hasn’t been this cheap to visit Europe in many years.
Since when did the dollar die? The dollar is raging and has been raging, due to a tsunami of cash away from risky equities, commodities, leveraged investments of all sorts into US Treasuries. This dollar has been on a tear since June.
thanks northsloperenter!
-r
“You’ve had your 15 minutes of fame What. In fact you were way too early which is as bad as being wrong. It is now time to hitch your headline wagon to a different train and get your head around making money on the long side here.”
I love that thinking Dave. Please go long, the “bottom” is in. Go for it big guy you can do it.
The What
Someday this war is gonna end…
Further evidence that you can’t stay on topic and know not of what you speak.
“What will happen when not if China dumps?”
Only the sentence writer is POOWED when shit like that comes out.
How are we supposed to respond to a train wreck of a sentence like that??
You’ve had your 15 minutes of fame What. In fact you were way too early which is as bad as being wrong. It is now time to hitch your headline wagon to a different train and get your head around making money on the long side here.
What will happen when China starts chocking on that paper?
What will happen when not if China dumps?
What will happen when the Chine “Dollar Recycle Operation” shuts down?
Here is the Baltic Dry Shipping Rates.
http://www.dryships.com/index.cfm?get=report
You take a look on this chart and notice the correlation between this chart and the implosion of the Mutant Asset Bubble. Most of the Charts are now broken and this will have a devestaing effect of Dollar recycling.
And…
Chinese provinces try to limit layoffs
http://tinyurl.com/64pn5c
BEIJING (AP) — Two Chinese provinces are trying to deter companies from laying off large numbers of workers as they struggle to limit the fallout from the global financial crisis.
One of the country’s richest and most developed provinces, Shandong, is attempting to enforce a local order that a company must go through the government if it wants to lay off more than 40 employees, an official said Tuesday.
Companies are closing factories and walking away from fulfilling orders! This will be the death of this crap called The Mutant Asset Bubble. Say hello to 14% interest rates…
Dave=POOWED
The What
Someday this war is gonna end…