Stephen Roach on China
Indian Rupee and Expected Fed Tapering
Recently, considerable attention has been devoted to capital flowing out of emerging markets. However, an overlooked aspect of international financial flows is the sharp rise in sale of US Treasury securities by foreigners (including foreign central banks).
http://www.reuters.com/article/2013/08/16/us-usa-economy-capital-idUSBRE97F02T20130816