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Bearmove

06/02/05 10:27 AM

#397152 RE: connor26 #397149

Yes

Also...

The two biggest holders of U.S. Treasury debt, Japan and China, ARE NOT buying additional bonds. Also, the debt purchasers from the United Kingdom appear to have not bought as many bonds as previously thought.In other words, the formerly "big" treasury bond buyers are either not buying anymore U.S. Debt, and/or the amount they purchased has been revised "downward" from previous estimates.
There is one exception, however. It appears that offshore banks in the Caribbean are buying ever increasing amounts of this debt, and in fact, the numbers have been revised significantly upward over the last year or so.

The question is this: Who are the parties in the Caribbean who are taking up a large part of the purchasing slack? Are they the Hedge Funds, or maybe even the Government itself? What is your take on this data shown above? Could we be seeing the beginning of the end of the Asian financing of American Debt, and the start of a credit crunch that is sure to follow?