What would happen if the FED wasn't buying? This picture says how dire the economy is...
Courtesy of Zero Hedge..
As we previously
reported, using TIC data, in the month of June the international community
did something it has not done in years - it sold US Treasuries with passionate
zeal and reckless abandon. In fact, in that one month alone, $57
billion in total Treasury holdings (from $5.657 trillion to $5.601 trillion)
was dumped in order to avoid major and accelerating losses. And yet there was
one entity that was buying, on a virtually matched dollar-for-dollar basis, all
that the foreign entities had to sell. The distribution of June sales among the
select largest holders of US paper, and the sole, solitary buyer, is shown on
the chart below.
Guess who this Mystery Buyer X, aka the "sore
thumb", is who boldly bought everything that no other man, woman or child
wanted to buy in the month of June.
No comments:
Post a Comment