To: supremedoctrine
As the money piles up, the less it means to them and the easier it is for them to waste it and invest it poorly without regard to the long term quality of their portfolio. I am more than happy to let them buy the US stock all they want.
Recall when the Japs bought Rockefeller Center, and then sold it at a great loss some years later? Same deal.
To: theBuckwheat
"sold it at a great loss some years later."
I'd forgotten that. Now I feel better (NOT!)
What galls me is that it is probably way too late
to put the genie back in the bottle: there is too
much interpenetration globally of debt/investment
into every corner of the world, too many markets
we think we can't live without, ever to be able to
simplify any of this.
35 posted on
10/13/2006 1:00:15 AM PDT by
supremedoctrine
("Talent hits targets no one else can hit, but genius hits targets no one else can see"--Schopenhauer)
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