Russia Reducing Treasury Holdings
For our economy to hold up, for our dollar to maintain trend (devalue slowly), foreign countries must continue to buy our debt. The opposite is happening as we approach the end of QE II, during which we financed the vast majority of our borrowing with the digital printing press. Even American households are reducing their exposure to our government debt. The buyer of last resort (the Fed) seems to be the only buyer still interested.
After Dumping 30% Of Its Treasury Holdings In Half A Year, Russia Warns It Will Continue Selling US Debt | zero hedge: www.zerohedge.com/article/after-dumping-30-its-tre…us-de