Ugly TIC

"The Treasury said net sales of US market assets – including bonds, notes and equities – were $69.3bn in August after a revised inflow of $19.5bn during July. The August outflow exceeded the previous record decline of $21.2bn in March 1990."

FT.com

Worth keeping an eye on the somewhat slimish possibility, or perhaps inevitability, of substantial capital flight in the process of devaluing our currency.