Would offshore US hedge funds have much reason to invest in US Treasury
securities?
Jim Devine wrote:
On 5/15/06, I wrote:
While massaging some data, I noticed that the percentage of US
government debt that's owned by foreigners exceeded 50% in 2004 (after
rising for years). In light of the Dubai brouhaha, you'd think that
the Demoncrats would have made a Big Thing of this gee-whiz statistic.
however, that turns out to be only 50% for U.S. Treasury securities.
For all of Federal debt held by the public, it's only about 45%. Much
less gee-whiz.
--
Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
