Guido’s bond trading days are long behind him, but he keeps an interest in the markets. Why have UK holdings of US Treasuries tripled in the last 12 months ($55bn to $167bn) when France and Germany have maintained stable and much smaller holdings? The dollar is in benign decline. China and Japan obviously have to recycle their dollar surpluses. The UK has a deficit. Any City lurker on here care to explain?
Source : US Treasury.
Guido bought his first daughter an ounce of gold for her first Christmas
, she is well ahead on that and the way the economy looks another ounce will be going to his second daughter for her first Christmas. Chinese insurance…