Treasury Sales Hum, Even without China
Source: GoldSeek, Rick Ackerman (8/23/10)
"The little guys appear to be 'losing their appetite for risk.'"
They're in good company, as it would seem money managers have thrown in the towel on shares too. Take a gander at the chart above if you want to see where all of their cash has been going. The chart should hearten those who are worried the U.S. government's recent decision to embark on a second round of quantitative easing will require a blowout of printing-press money. In fact, the demand for Treasury debt from sources other than the Federal Reserve seems all but insatiable at the moment. Are we being churlish to suggest this mania will not last forever?