[PEN-L:465] Re: Re: Who will tell Acompora?

[Doug Henwood <dhenwood@xxxxxxxxx>]

Tom Walker wrote:

>It seems to me that for every dollars worth of equities sold by someone,
>there has to be a dollars worth bought by someone else. At least that's the
>theory. I'm not sure to what extent such an equilibrium shows up in the flow
>of funds breakdown. But the big net acquirers of equities (1992-97) were:
>
>pension funds  $258 billion (sum of private & state & local govt.)
>insurance cos. $245 billion
>rest of world  $108 billion
>
>corporations*  $234 billion
>* (reversing the sign of "net new equity issues", which was -$234 billion)

Yeah, net issues = net purchases in the FoF arithmetic. If corps weren't
buying, there might be a supply problem.

What are the FoF accounts for Canada & other countries like?

Doug