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http://www.dailykos.com/story/2007/11/18/155554/40

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Nov 18th, 2007 at 04:42:20 PM EST
No significant movements as I write on either the dollar/euro exchange rate or the price of oil.

So the Chavez declarations were seen as theater, and the Saudi ones as a sign that they will hold firm in the dollar camp for now.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Nov 19th, 2007 at 04:37:00 AM EST
[ Parent ]
Ohio posted a link to the changes in US dept held by other countries. Many countries reduced their holdings, but the two big increases were Brazil and the UK. How would you explain these, especially the former?

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Mon Nov 19th, 2007 at 05:17:15 AM EST
[ Parent ]
Brazil - I expect this is a mechanical result of their massively increasing trade surplus, with at least a good chunk parked in US TReasuries

UK - this is where the majority of hadge funds and private equity funds are based (as well as Russian and other emerging billionaires' money), and they have invested in a lot of US assets. Note that the other big center for hedge funds and the like is the "Caribean" area.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Nov 19th, 2007 at 05:59:59 AM EST
[ Parent ]
You mean, the UK increase is mostly moving off-shore assets from the Carribean to the UK?
EconomyInCrisis.org

July 2007January 2007July 2006
Japan610.9627.4614.9
China, Mainland407.8400.9378.2
United Kingdom (2)210.1103.344.3
Oil Exporters (3)123.8111.8112.4
Brazil104.753.731.7
Luxembourg64.259.459.4
Hong Kong58.954.748.9
Taiwan57.559.463
Korea
...
50.762.365.1
Caribbean Banking Centers (4)
...
29.468.385.8
Russia17.18.55.7

Given that the biggest shedding of debt holdings was from Q3, I am really curious how the next list will look.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Mon Nov 19th, 2007 at 06:31:50 AM EST
[ Parent ]
Like Cyprus being one of the biggest recievers of Russian direct investment, lol.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Wed Nov 21st, 2007 at 01:33:59 AM EST
[ Parent ]

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