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From the Financial Times: "Foreign investors are now buying more US stocks than government bonds.... International flows into US stocks reached 2.8 per cent of US GDP on average in the year to June, overtaking Treasuries — at 2 per cent of GDP — for the first time this century outside brief episodes in the Covid-19 pandemic and the aftermath of the global financial crisis, according to analysis of US Treasury data by Deutsche Bank." #economy #stocks #bonds #markets @FT