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October 16, 2007

A Fat Lady Clears her throat

With a non-trivial USD 69 billion bit of ha.

The Treasury International Capital report, known as the TIC, on Tuesday revealed that net sales of US market assets, including bonds, notes and equities were $69.3bn in August after a revised inflow of $19.5bn during July. The scale of the outflow exceeded the previous record decline of $21.2bn set in March 1990.

Yes, such things are related to confidence.

Posted by The Lounsbury at October 16, 2007 07:06 PM
Filed Under: Business

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Comments

are you still paid in $?

Posted by: Klaus [TypeKey Profile Page] at October 19, 2007 07:48 AM

Yes, I am. That's the contract and there is no way my rubbish firm will change that baring me going to the mat. As I have a natural hedge on that, and my actual Euro exposure is largely living expenses, which are trivial really, my whinging on is for amusement mostly.

Posted by: The Lounsbury at October 19, 2007 10:26 AM

Say, does this kind of thing have any kind of meaning, in your opinion? Kind of looks like the purest astrology to me, but a sane-seeming livejournal person just posted that it had popped up this week.

Posted by: Tom Scudder at October 19, 2007 11:45 PM

I am not a fan of technical analysis of this nature.

Posted by: The Lounsbury at October 22, 2007 05:13 PM

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