WARNING: Despite Today’s Rally, The Situation Around The Globe Is Deteriorating

Thursday, August 16, 2018
By Paul Martin

August 16, 2018

Despite today’s rally, the situation around the globe is deteriorating.

Global Situation Continues To Deteriorates
August 16 (King World News) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness: Reported last night was a rather sharp rise in foreign net selling of US Treasury notes and bonds of $48.6b in June. It is the largest one month of selling since October 2016. It brings the year to date level of buying at $20b which compares with $20b of buying in all of 2017 and outright net selling in 2016…

Peter Boockvar continues: Back in 2011 and 2012 foreigners were buying over $400b each year. China sold notes and bonds for the 3rd month in the past 4 which takes their holdings to the lowest level since January. Japan resumed its selling after a temporary respite in May and they hold the smallest amount of longer term Treasuries since October 2011.

The Rest…HERE

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