Thursday, September 17, 2009

"Foreigners Unload US Assets"

WSJ article today:

"Foreign demand for long-term U.S. financial assets fell in July from a month earlier... Overall, net foreign sales of long-term maturity US securities totaled $7.4 billion in July, following purchases of $70.7 billion the month before."

I think this trend--if it is a trend--reflects growing pessimism about the mid-term prospects for the U.S. economy...

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