It is becoming increasingly obvious that foreign central banks, sovereign wealth funds, reserve managers, and virtually every other official institution in possession of US paper, is liquidating their holdings at a very disturbing rate.
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My guess is that all these guys are in financial trouble, and their US treasuries are the only asset anyone wants to buy.
End result - they get bailed out, while we get screwed?
Thank you, Obama ad-Dajjal.
Thank you, Federal (sic) Reserve System.