Biting The Hands That Fund You

Posted on December 15th, 2003 by mike


We rely on Europe?Old and New?to finance our private companies and … our government … the United States’ biggest exports today aren’t movies or software programs. They’re paper products?stocks, bonds, and other securities. The Europeans are among the biggest purchasers of these goods. But recent data and recent currency market action … suggest our erstwhile continental friends may not be buying what we’re selling … In 2002, Europe accounted for nearly two-thirds of net corporate stock sales and 60 percent of net corporate bond sales … the decline of the dollar against the euro is a logical outcome of our policies. Winking at a weak dollar surely doesn’t encourage foreign investors to jump in. Why buy something today when you think it’ll be worth less tomorrow? Our interest rates remain remarkably low … It’s obvious to European investors that they can get higher rates of return on government debt in stable economies elsewhere.

Vote DownVote Up (No Ratings Yet)

Loading ... Loading ...

Tags: Uncategorized // 1 Comment »

One Response to “Biting The Hands That Fund You”

  1. Anonymous // Jan 2, 2004 at 10:11:12

    http://story.news.yahoo.com/news?tmpl=story&cid=1503&e=14&u=/afp/lifestyle_britain

    LONDON (AFP) – Sixty-five percent of Britons don’t know in which US city the hit musical “Chicago” is set in, according to a nationwide survey for an upcoming TV quiz show.

    Another 57 percent didn’t know where the celebrated television soap opera “Dallas” was set.

    The poll also indicated that 67 percent of Britons don’t know when World War II ended, 64 percent didn’t know where the French Alps were, and 70 percent didn’t know where the Vienna Philharmonic Orchestra is based.

    The answers, by the way, are Chicago, Dallas, 1945, France and Vienna.

Discussion Area - Leave a Comment

You must be logged in to post a comment.

« »