May 19, 2010

IF YOU'RE GOING TO BUY FUTURES...:

Global Demand for U.S. Assets Rose to Record in March (Vincent Del Giudice, 5/17/10, Bloomberg)

Global demand for long-term U.S. financial assets strengthened in March to a record as investors from China to the U.K. purchased the most Treasuries since November, a Treasury Department report said. [...]

Signs of a sustained economic recovery, including a rebound in earnings and stock prices, may increase demand for U.S. investments as concerns mount about the sustainability of government debt in Europe, economists said. The world’s largest economy has expanded for three consecutive quarters and added 573,000 jobs in the first four months of the year.

“Foreign institutions and individuals are still turning to the U.S. as a safe haven,” said Paul Christopher, senior international investment strategist at Wells Fargo Advisors LLC in St. Louis. “There was some concern foreigners were abandoning the U.S. currency. That fear was misplaced.”


...buy them in the only commodity that has one.

Posted by Orrin Judd at May 19, 2010 4:35 PM
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