Wednesday 31 August 2011

Who's bailing out Uncle Sam?

Just a couple of graphs to show which foreign countries have most increased their holdings of US Treasury securities.

The UK seems the odd man out, bearing in mind its own financial difficulties, but it is widely suspected that much of the UK's holdings are cat's-paw transactions on behalf of China.

INVESTMENT DISCLOSURE: None. Still in cash (and index-linked National Savings Certificates), and missing all those day-trading opportunities.

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1 comment:

James Higham said...

That's as maybe but I'm following the progress of gold at the moment and whether there is any in London or whether it's in the Venezuelan jungle. It would seem to trump holdings of securities.