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Who Is Buying All These US Treasuries (And Can They Keep It Up in 2010)?
5 hours ago ago from Phil's Favorites - By Ilene
Who Is Buying All These US Treasuries (And Can They Keep It Up in 2010)? Courtesy of Jesse's Caf Am ricain Earlier this evening I was reading the latest issue of TheContraryInvestor Quite The Personal Bond, and was puzzled by his account of the Treasury market. As shown in this chart, the foreign sector has begun to reduce their exposure to US sovereign debt, just as they were sellers of Agency debt in 2008. So who ...
Related contentDebt limit raised by $290 billion
1 hour, 21 minutes ago ago from financialbailoutblog.com
With the federal government inching close to the debt ceiling, the Senate on Thursday passed a $290 billion increase to the amount of debt the Treasury is allowed to have.
Related contentEU/IMF revolt: Greece, Iceland, Latvia may lead the way
6 hours ago ago from Shadowtraders
Full story here . The day these countries realize they have the power over the EU (and not the other way around) will be a breathe of life into the sick twins known as Peace and Prosperity. Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules. ...
Related contentOn the Specter of Japan – in Europe
11 hours ago ago from Deep Thoughts by Professor Pinch
From Ambrose Evans-Pritchard at the Telegraph : Highlighting the unpleasant fiscal arithmetic facing states across the Old World, Fitch said that none of the benchmark AAA states can safely rely on their top rating for much longer. Public debt in both Britain and France will reach 90pc of GDP by 2011, higher than the 80pc (net) level when Japan lost its AAA rating earlier this decade. Ah, Japan. The country that brought us ...
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Senate OKs $290 billion hike to debt limit
13 hours ago ago from CNN Money
Senate OKs $290 billion hike to debt limit By Jeanne Sahadi, senior writer December 24, 2009: 8:31 AM ET NEW YORK (CNNMoney.com) -- With the federal government inching close to the debt ceiling, the Senate on Thursday passed a $290 billion increase to the amount of debt the Treasury is allowed to have. The 60-39 vote follows House approval earlier this month of the same measure. President Obama is expected to sign the bill soon. ...
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