CRASH_GURU 24.05.2003, 08:48 |
US Schulden bei ZBn ca. 920 Miliarden$ + 25% / Monat - Deflation?![]() |
-->Official Foreign (central bank) Holdings of U.S. Debt jumped an eye-opening $20 billion last week to $916.8 billion, with these holdings up an unprecedented $170 billion (22.7%) from one year ago. Official Holdings have been expanding at a 25.4% rate since early November. This unparalleled ballooning of dollar reserve positions (as private dollar liquidations are accommodated by local central banks) is a key inflationary mechanism liquefying financial markets globally. In contrast, Federal Reserve Bank Credit is up only about $5 billion so far this year (1.9% annualized) to about $712 billion. Largely because of last December’s $31 billion surge, Fed Credit is up almost $70 billion, or 10.5%, from one year earlier. Curiously, I still read capable analysts referring to the growth of Federal Reserve Credit as “the real inflation rate” and the “currency debasement rate” when it is clearly neither. Such analysis misses the very essence of securities-based contemporary finance with its myriad institutions, Credit instruments/vehicles, and markets. |
Standing Bear 24.05.2003, 08:56 @ CRASH_GURU |
Re: US Schulden bei ZBn ca. 920 Miliarden$ + 25% / Monat - Deflation? |
-->>Official Foreign (central bank) Holdings of U.S. Debt jumped an eye-opening $20 billion last week to $916.8 billion, with these holdings up an unprecedented $170 billion (22.7%) from one year ago. Official Holdings have been expanding at a 25.4% rate since early November. This unparalleled ballooning of dollar reserve positions (as private dollar liquidations are accommodated by local central banks) is a key inflationary mechanism liquefying financial markets globally. In contrast, Federal Reserve Bank Credit is up only about $5 billion so far this year (1.9% annualized) to about $712 billion. Largely because of last December’s $31 billion surge, Fed Credit is up almost $70 billion, or 10.5%, from one year earlier. Curiously, I still read capable analysts referring to the growth of Federal Reserve Credit as “the real inflation rate” and the “currency debasement rate” when it is clearly neither. Such analysis misses the very essence of securities-based contemporary finance with its myriad institutions, Credit instruments/vehicles, and markets. |
CRASH_GURU 24.05.2003, 10:05 @ Standing Bear |
Re: US Schulden bei ZBn ca. 920 Miliarden$ + 25% / Monat - Deflation? |
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kingsolomon 24.05.2003, 09:17 @ CRASH_GURU |
Weiter unten stellt Greenspan auch fest, dass d. ZBs kaum eine andere Wahl haben |
-->als umso mehr Treasuries aufzukaufen, je höher das US-Aussendefizit ist, |
Sascha 24.05.2003, 16:20 @ CRASH_GURU |
USA brauchen mehr Geld: Schulden wie noch nie (n-tv) |
-->USA brauchen mehr Geld |