Quote:
Originally Posted by tabs
.... For the unalterable truth is that the Federal Reserve now buys 61% (WSJ) of American Treasury Bonds. The rest presumably are being bought by foreigners who are pursuing an ON THE BEACH STRATEDGY because they are deathly afraid of their own nations insolvency and are opting for that last safe haven that the United States represents.
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I don't even pretend to keep up with this stuff like you do tabs. Certainly the Fed was purchasing a significant chunk when QE was in play, but is that 61% still true? I also find the presumption about foreigners to be just that. From a couple of years ago, I seem to recall that China held about 1+ Trillion (maybe up to 2) and Japan another 1 T....with most being owned right here in the US. Has the landscaped really changed that much? Not questioning...just curious.