Public TINAC & TICS Update Aug 16, 2022 1 min read June's Treasury International Capital System (TICS) was released on Monday. The TICS data tend to confirm our TINAC thesis, i.e., there is no alternative country: the US is a safe haven for global investors confronted with a very stormy global investment climate. Consider the following: (1) On a 12-month basis through June, the US had private net capital inflows of $1.5 trillion (chart below). It' Ed Yardeni
