Jump to content
Unexplained Mysteries uses cookies. By using the site you consent to our use of cookies as per our Cookie Policy.
Close X
Join the Unexplained Mysteries community today! It's free and setting up an account only takes a moment.
- Sign In or Create Account -
questionmark

Foreigners Sold U.S. Assets

6 posts in this topic

Recommended Posts

questionmark

Foreign investors were net sellers of U.S. long-term portfolio assets in August as China reduced its holdings of Treasuries to a six-month low.

The net long-term portfolio investment outflow was $8.9 billion after a revised $31 billion inflow in July, the Treasury Department said in a statement today in Washington. Net sales of U.S. equities by official holders abroad were a record $3.1 billion, and China lowered its holdings of U.S. government debt for the second time in three months, the department said.

The Treasury data cover a period before the Federal Reserve opted against reducing its monthly bond buying at a Sept. 17-18 meeting. Since then, a 16-day, partial government shutdown slowed growth and created a pause in economic statistics releases that is expected to delay the Fed’s first tapering until March, according to a Bloomberg News survey of economists.

Read more

Share this post


Link to post
Share on other sites
 
Gromdor

Well, China does use it's investments in the US as a means to manipulate it's currency. There does come a point though where the risks outweigh the usefulness of that, however. I can see the world gravitate towards a new reserve currency if Congress keeps on its path of jerking around with the economy and debt.

  • Like 1

Share this post


Link to post
Share on other sites
A rather obscure Bassoon

I can see the world gravitate towards a new reserve currency if Congress keeps on its path of jerking around with the economy and debt.

Saddam tried and we all know what happened there.

Share this post


Link to post
Share on other sites
questionmark

Saddam tried and we all know what happened there.

Saddam only tried to not trade his oil in dollars.

Share this post


Link to post
Share on other sites
Babe Ruth

Well, China does use it's investments in the US as a means to manipulate it's currency. There does come a point though where the risks outweigh the usefulness of that, however. I can see the world gravitate towards a new reserve currency if Congress keeps on its path of jerking around with the economy and debt.

Haven't the BRIC countries already done that? Brazil, Russia, India and China?

Share this post


Link to post
Share on other sites
Yamato

And so what do we conclude here? The trough the statists gleefully gorge themselves on is drying up. As standards of living among Chinese continue to rise, China will more and more have its own consumption to worry about. The US consumer and our low, low prices (our trinkets for cooperating with govt deficit/malfeasance) aren't going to be their priority.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.