{"id":1831,"date":"2003-12-15T20:55:00","date_gmt":"2003-12-16T00:55:00","guid":{"rendered":"http:\/\/www.meehawl.com\/Blogfiles-wp\/?p=1831"},"modified":"2003-12-15T20:55:00","modified_gmt":"2003-12-16T00:55:00","slug":"biting-the-hands-that-fund-you","status":"publish","type":"post","link":"https:\/\/www.meehawl.com\/Blogfiles\/2003\/12\/15\/20\/55\/biting-the-hands-that-fund-you\/","title":{"rendered":"Biting The Hands That Fund You"},"content":{"rendered":"<p><a href=\"http:\/\/slate.msn.com\/id\/2092348\/\"><\/p>\n<blockquote><p>We rely on Europe?Old and New?to finance our private companies and &#8230; our government &#8230; the United States&#8217; biggest exports today aren&#8217;t movies or software programs. They&#8217;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 &#8230; suggest our erstwhile continental friends may not be buying what we&#8217;re selling &#8230; In 2002, Europe accounted for nearly two-thirds of net corporate stock sales and 60 percent of net corporate bond sales &#8230; the decline of the dollar against the euro is a logical outcome of our policies. Winking at a weak dollar surely doesn&#8217;t encourage foreign investors to jump in. Why buy something today when you think it&#8217;ll be worth less tomorrow? Our interest rates remain remarkably low &#8230; It&#8217;s obvious to European investors that they can get higher rates of return on government debt in stable economies elsewhere.<\/p><\/blockquote>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We rely on Europe?Old and New?to finance our private companies and &#8230; our government &#8230; the United States&#8217; biggest exports today aren&#8217;t movies or software programs. They&#8217;re paper products?stocks, bonds, and other securities. The&#46;&#46;&#46;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1831","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/1831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/comments?post=1831"}],"version-history":[{"count":0,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/1831\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/media?parent=1831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/categories?post=1831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/tags?post=1831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}