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An eye-opener, domestic equity funds had $30B in outflows in October, according to a Goldman...
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Monday, November 12, 2012, 12:28 PM ETAn eye-opener, domestic equity funds had $30B in outflows in October, according to a Goldman report (as reported by Raj Dhaliwal). It's the largest amount of the year, and represents one-third of all of 2011's outflows. Bond funds had their biggest inflows of the year - $44B against an average $32B. (see credit risk "euphoria")
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What leads you too believe that the US or almost any other country can afford to pay higher interest rates? Take Japan as an example. It has been estimated that a mere 1-2% rise in Japanese interest rates would result in interest alone consuming 100% of tax revenues. Why do you think governments and central banks are so desperate to keep interest rates as low as they possibly can? What would happen to the US as the largest debtor in the world if interest rates rose even just 1/4%? Much more likely to continue to see pressure on interest rates to decline even further.
Most individual investors will tend to ignore these flows from one manipulated "market" to another and focus instead on specific companies.