Funny ass shit...

In fact, net foreign flows to the U.S. have been decidedly weak this year, thanks to an exodus by foreign central banks and sovereign wealth funds, who've been dumping U.S. securities in order to raise cash to put to work at home.
 
Even though U.S. monetary conditions have belied December's rate hike by loosening this year, amid market expectations that further tightening isn't coming any time soon, the reason for foreign flight has less to do with Janet Yellen than conditions back home.
 

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