On the decline of the dollar as a reserve currency.

• Author: Rees, Matthew
• Position: Just the Facts: TIE's Executive News Service: THE DOLLAR ISSUE - Brief article

"Foreign net purchases of long-term U.S. securities the difference between foreign purchases of U.S. securities and U.S. purchases of foreign securities--had been running at an average of about $70 billion a month in 2005, and a little higher in 2006. The monthly net inflow in June this year was still a strong $99.9 billion but that figure dropped to plus $19.5 billion in July, minus $70.6 billion in August...