“The US Treasury released data last Thursday tracking international capital flows for the US through June. The outflows out of US securities was shocking. Especially troubling was the amount of US Treasuries sold by foreigners. Their outflows exceeded those from US bond funds. The data suggest that foreign investors may have been more spooked by the Fed’s tapering talk in May and June than domestic investors. As the US federal deficits have swelled, the US government has become more dependent on the kindness of strangers. Apparently, they are losing their interest in helping us out with our debts.”
http://blog.yardeni.com/2013/08/us-international-capital-flows-excerpt.html
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