Hunting The Muse

Demand Dries Up For US Bonds

I don't know much about macroeconomics, but I know a little bit. Seems like the US has finally come close to drying up its world economic goodwill. That's really scary.

But a rash of new data, including Treasury Department figures released yesterday showing a net sell-off by foreigners of U.S. bonds in August, has stoked debate over whether overseas investors -- private individuals, institutions and government central banks -- are growing dangerously bearish on the U.S. economy.