The AP reported that foreign holdings of United States debt has hit an all new high – $5.48 trillion. China leads the pack, of course.
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Foreign ownership of U.S. Treasury securities rose to a record level in October, a sign that overseas investors remain confident in U.S. debt despite a potential budget crisis.buy tramadol no prescription
Total foreign holdings of U.S. Treasurys rose to $5.48 trillion in October, the Treasury Department said Monday. That was up 0.1 percent from September. Still, the increase of $6 billion was the weakest since total holdings fell in December 2011.buy phentermine online no prescription
China, the largest holder of U.S. government debt, increased its holdings slightly to $1.16 trillion. Japan, the second-largest holder, boosted its holdings by a smaller amount to $1.13 trillion. Brazil, the country with the third-largest holdings, increased its total to $255.2 billion.buy klonopin online
The new figures show that investors are still seeking the perceived safety of U.S. Treasurys, even as lawmakers and President Barack Obama remain at odds over whether to raise the U.S. borrowing limit as part of a broader budget deal. (Read More)
For some reason the “perceived safety” of US Treasurys doesn’t bring me comfort, especially in light of the fiscal cliff deal Speaker Boehner is likely to work out with President Obama. It’s more taxes, more spending, more debt, sprinkled with a few phantom spending cuts.klonopin online no prescription