Foreign holdings of US debt hit record $5.48T

Discussion in 'Politics' started by Freewill, Dec 17, 2012.

  1. Freewill
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    Freewill Gold Member

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    WASHINGTON (AP) -- 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.

    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.

    News from The Associated Press
     
  2. Oldguy
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    Oldguy Senior Member

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    But, foreigners also have about $2.55 trillion directly invested here in companies and real estate.

    http://www.fas.org/sgp/crs/misc/RS21857.pdf

    Also, the largest single holder of our debt is still the Fed or the federal government. The biggest foreign holder is China, followed by Japan and Great Britain.
     
  3. occupied
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    occupied Gold Member

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    Other nations putting their money here for safe keeping is the reason all those alarmist cries of "We are going to be another Greece!!!" are so ridiculous. If we ever turn into Greece it will be because everyone else has turned into Ethiopia.
     
  4. RoadVirus
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    RoadVirus <insert pithy title here>

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    Doing a heckuva job, Barackie!
     

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