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A nation that forgets its past is doomed to repeat it. - Churchill

September 14th, 2007

Op-Ed Friday- You’ll Have to Indulge Me

I’ll have to start this Op-Ed Friday by first apologizing to all of our regular contributing [and much appreciated] agents.  I hope you know I love you guys!  That said, in some perverse way, I just thought  this video was too funny to pass up:

If you’re still speaking to me, I hope you’ll forward your thoughts, comments, links etc. to us.

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September 14th, 2007

Foreign Cenbanks Net Sellers of Debt - Fed Report

Foreign central banks were net sellers of US obligations in the week ending September 12. Heavy dumping of treasuries was partly offset by pretty robust buying of agencies. The trend by central banks to sell US paper has now extended to about two months.

Once again, the regular Reuters summary does not appear to have been posted. UPDATE: twist has found the missing Reuters summary [35a] although for some reason it is still not showing up when I search Google News with |"agency debt"|, even though the text is right there in the article.  Thanks twist, once more, for the updated chart and graph.

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