Tuesday, November 17, 2009

Foreign demand for U.S. securities soared in September

REUTERS:

Foreign demand for U.S. securities soared in September, the Treasury Department said on Tuesday, as investors grew more confident about a recovery in the world's largest economy.

Net overall capital inflows into the United States jumped to $133.5 billion in September from a revised inflow of $25.3 billion in the previous month.

Excluding swaps, net long-term capital inflows rose to $40.7 billion from a revised $34.2 billion inflow in the previous month. This is a key gauge of foreign investor appetite because they exclude short-term transactions.

Foreign investors' holdings of dollar-denominated short-term U.S. securities declined $11.8 billion while overseas investments in Treasury bills dropped $0.3 billion.

Analysts said the inflows number showed the resilience in demand for U.S. securities despite concerns about the dollar's outlook and the large issuance of U.S. debt.

THIS IS GOOD NEWS AND PROVES THE USA AIN'T FINISHED YET.

THIS SURGE COINCIDES WITH OBAMA'S DECLINE.

IF WE CAN BLOCK OBAMA'S PROGRAM BETWEEN NOW AND 11/2009 THEN WE CAN COME ALL THE WAY BACK.

YUP: THE ONLY THING WE HAVE TO FEAR IS OBAMA.

No comments:

Post a Comment