Monday, September 12, 2011

Bank deposit drain in Europe, but who receive all the money ?

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
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