Bingo. And what, pray tell, would be the alternative country in which to invest?
We’re the only place, of size, that can be used to safequard from a declining currency, gold, oil, shrinking economy, etc. Not only do foreigners come into our market, but US investors that have been overweight those assets, come back too.
I see the UK has increased the amount of long U.S. Treasury Bonds it is purchasing, from $47 billion in the second quarter '07 to $72 billion in the third quarter ended Sept. '07.
yitbos