Monday, May 16, 2005


Foreign Cash Flows Dry Up

MarketWatch is reporting a huge drop in foriegn reserves coming into the US. "Foreign central banks became net sellers of U.S. assets for the first time in 19 months in March, helping to slow foreign capital inflows into the United States by 46%, the Treasury Department said Monday."

"Net capital inflows fell to $45.7 billion in March from $84.1 billion in February. Read the full report. It was the lowest level of capital inflows since October 2003."

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