Foreign Demand for U.S. Assets Rises on Global Slowdown
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International purchases of U.S. stocks, bonds and other financial assets were more than twice as much as forecast in November as investors sought shelter from a global economic slowdown.
Net buying of long-term financial assets totaled $52.3 billion during the month, swinging from net sales of $1 billion in October, the Treasury Department said today in Washington. Economists surveyed by Bloomberg projected net buying of $25 billion of long-term assets, according to the median estimate.