Slowly I Turned - Foreign Financing of US Faltering

``The second event, if you will, was really the more than noticeable beginning of the US macro economic downturn currently in progress. At least in hindsight, this now coincides exactly with the beginning of foreign community loss of confidence in US financial assets as investments. Whether it's due to the underlying character of the asset classes themselves, the integrity of the US financial system in general, the southern trajectory of the US economy in terms of its ability to support these asset classes as investments, or a little bit of all of the above, this loss of confidence is a critical undermining feature of both current and forward support of US financial assets. We really do not know why this has not garnered much more attention in the mainstream financial community. ''