Low Wage Pay Gains

Doug Henwood dhenwood at panix.com
Sun Feb 7 16:01:57 PST 1999


Enrique Diaz-Alvarez wrote:


>Does anybody know in what financial instruments foreign claims on the US
>are held?

All kinds, but about 30% of foreign assets are U.S. government bonds ($1.5 trillion worth), and 12% corporate bonds. U.S. holders have comparatively small amouts of foreign bonds. Stock holdings are a wash - U.S. owners hold about as much foreign equity as foreigners hold of U.S. paper. The U.S. has a small credit on net foreign direct investment.

At the end of the third quarter of 1998, 33% of US Treasury securities were held by foreigners, up from just 10% in 1991.

Doug



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