Rising cash deposits in the United States
Deposits flows into the United States,
Source: St. Louis Federal Reserve
The above graph shows the amount of deposits at the US Federal Reserve from foreign official and international accounts, escaping the horrors in Europe, the Middle East and Africa ?
Investors and international financial institutions seems to be selling Euro and escaping into US dollars.
Geir Solem
http://www.elliottwavetechnician.blogspot.com/
Copyright (C) 2011 all rights reserved
No comments:
Post a Comment