Other countries dumped 163billion USDollars in Treasuries recently
And the reporting on it has apparently just come out, so get ready for the price of oil to jump again as the dollars collapses a bunch more.
I like how they say the IMF says "the dollar is still overvalued", ha ha ha!
"Data from the US Treasury showed outflows of $163bn (£80bn) from all forms of US investments. "These numbers are absolutely stunning," said Marc Ostwald, an economist at Insinger de Beaufort.
Asian investors dumped $52bn worth of US Treasury bonds alone, led by Japan ($23bn), China ($14.2bn) and Taiwan ($5bn). It is the first time since 1998 that foreigners have, on balance, sold Treasuries.
Mr Ostwald warned that US bond yields could start to rise again unless the outflows reverse quickly. "Woe betide US Treasuries if inflation does not remain benign," he said.
The release comes a day after the IMF warned that the dollar was still overvalued and likely to face "some depreciation in the medium term"."
Hopefully when our USD does bottom those holding foreign currencies will come and buy us out again.
You mean like China's been doing?
Originally Posted by moonman