Monday, October 18, 2004

No Sweep, No Weeps, No Capital Inflow...

The Treasury International Capital Flows report came out about 40 minutes ago. (TICS) came in at a weak inflow of 59 billion foreign investment in U.S. Treasury versus 64 biilion in August. This, my friends, is sad news. You can't crack the current account deficit if you cannot attract a cockroaching peso from these foreign gaylords. Japan, UK, and China, you can do much better, ladies. How can we protect the world when you don't fund us? Buy our Security. It's really that simple. USD body-slammed across the board, no surprise, Rivera fails to close, no sweep, no surprise...

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