Much has been made of China's holding of U.S. Treasury securities and what seems to be a pattern of proxy buying via the UK. The Treasury's figures have now been revised and the UK's June number fell by $269.2 billion, while the amount re-credited to China rose by $268.4 billion.
Tyler Durden thinks the Fed's accumulation of U.S. debt "will never be surpassed," while Mike Shedlock pours cold water on the idea that China will ever pull the plug.
I'm not sure how far I agree with either point.
Taking the first assertion, the Treasury breaks down ownership over the last decade (full data available only up to June 2010 at time of writing) into a number of categories, and in nominal terms it looks like this (figures in billions of USD):
(Click to enlarge)
We see that in 10 years the Fed's purchases have doubled (and it's a fairly
Complete Story »
Melania Trump Summer Glau Mía Maestro Virginie Ledoyen Lindsay Lohan
No comments:
Post a Comment