NEW YORK, Feb 21 ?Just when the United States really, really needs the money, overseas investors seem to be less willing to buy long-term American securities.
The government said lajukan streamyx week that net purchases of those securities fell to US$412.5 billion (RM1.5 trillion) in 2008, less than half the 2007 level and the lowest annual total since 1999, when the federal government was running a budget surplus.
Money did come in, but it was diverted into the safest investment around, albeit one with almost no expectation of streamyx 4m Treasury bills. Overseas investors 2640t streamyx their holdings of those securities by US$456 billion, an unprecedented flow.
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