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Old 01-06-2009, 02:16 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,550,057 times
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Investors dump $89B in U.S. securities in historic fire sale

By David J. Lynch, USA TODAY

The deep river of private money that helped knit together the global economy has abruptly dried up, new government figures show.

As the global financial crisis grew more severe this summer, foreigners sold almost $90 billion of U.S. securities — the greatest quarterly fire sale by overseas investors since the government began keeping track in 1960. U.S. investors also are retrenching; they unloaded about $85 billion worth of foreign holdings in the quarter, says the Commerce Department's Bureau of Economic Analysis.


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Investors dump $89B in U.S. securities in historic fire sale - USATODAY.com

Last edited by Waterlily; 01-06-2009 at 04:29 PM.. Reason: copyright issue
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Old 01-07-2009, 09:28 AM
 
Location: Houston, TX
17,031 posts, read 27,568,417 times
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I'm wondering when investors will start to repurchase securities. When it happens I'm betting it will be fast and furious.
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Old 01-07-2009, 09:59 AM
 
Location: In My Own Little World. . .
3,238 posts, read 8,089,963 times
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I'm tired of reading articles that say "the worse ****** since the government started keeping records in ****.
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Old 01-07-2009, 10:29 AM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,299 posts, read 12,550,057 times
Reputation: 8057
Colleen, maybe you should change "Can't wait to see what happens next!" to "Hear no evil, see no evil ...."

It's been a doomerfest for me lately, except for that weird run-up in stock prices ..... but unfortunately now all the fears I've had for so long are starting to come true, and people are starting to hurt a lot. Look at the most recent unemployment figures also.
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