Global Demand for Long-Term U.S. Assets Rose to Record in March

unluckyluciano · May 17, 2010

May 17 (Bloomberg) -- Global demand for long-term U.S. financial assets strengthened in March to a record, as investors from China to the U.K. purchased the most Treasuries since November, a Treasury Department report said.
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Signs of a sustained economic recovery, including a rebound in earnings and stock prices, may increase demand for U.S. investments, economists said. The world’s largest economy has expanded for three consecutive quarters and added 573,000 jobs in the first four months of the year.
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Proof the US is the best at being the worst at being bad:

“There is heightened concern about the inability of developed nations to regain control over their fiscal finances, but almost all countries are in the same boat, and global investors have to park the money somewhere,” Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said before the report.
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http://www.bloomberg.com/apps/news?pid=20601087&sid=aBcCXSVZxwxs&pos=1

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Global Demand for Long-Term U.S. Assets Rose to Record in March

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