Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

Loan Modification

: Mortgage Lender Implode-o-Meter

Dollar Depressed by OPEC Slashing Treasury Holdings 9% as Oil Profits Rise

By Implode-Explode Heavy Industries

``Oil-exporting countries are cutting holdings of U.S. government debt as energy prices rise, helping depress the dollar, the worst-performing major currency of the past six months. Treasuries owned by oil producers and institutions such as U.K. banks that are proxies for Middle East nations fell 9 percent in the second half of 2010 to $654.6 billion, the first decline in the final six months of a year since the Treasury Department began compiling the data in 2006.''

Full post as published by Mortgage Lender Implode-o-Meter on March 15, 2011 (boomark / email).