Gold spikes, Treasuries dumped. yesterday NASDAQ bumped. We’ve had Amazon, Google, and even the NYT hit lately by hackers (don’t tell me yesterday’s glitch wasn’t a hacker!)
The Chinese are working on getting satellites into place – which might be anti-satellite satellites, or they might be nukes in disguise for a large EMP footprint.
yes, things are getting interesting in the 21st Century.
Foreign holders dumped a whopping $40.8 billion in long-term Treasuries, the biggest exodus from bonds in the history of the U.S.
Worse, June was actually the third month of mass dumping in the past four, for a total of $79 billion. China, the biggest holder of our bonds, unloaded $21.5 billion, while Japan, the second-largest holder, dumped $20.3 billion.
The chart below says it all. The spikes on the right display the selling.
It wasn’t just government bonds, either. Foreigners dumped $116 million of bonds made up of packaged U.S. mortgages. They sold $5.2 billion of Fannie Mae, Freddie Mac and Ginnie Mae bonds, and $5 billion in corporate bonds. And they unloaded $26.8 billion of U.S. stocks.
All told, more international capital flowed out of U.S. markets than at any time in history, worse even than at the depths of the 2008 credit crisis.
View original post 37 more words