Posted on 10/02/2007 1:16:48 PM PDT by LM_Guy
European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy.
"We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners.
In the latest large deal aided by a weak dollar, Commerce Bancorp, which is based in Cherry Hill, New Jersey, agreed Tuesday to be acquired by Toronto-Dominion Bank of Canada in a cash-and-shares deal valued at $8.5 billion.
Nationally, the value of purchases of companies by non-U.S. buyers so far this year totaled $257.4 billion - more than in any full year since 2000, the height of the technology boom, according to Thomson Financial, a research firm in New York.
The buyouts are sparking anxiety in the United States, though their impact is complex. Foreign owners typically use acquisitions as an entry into the U.S. market and thus may be more willing than American buyers to invest in their new holdings, some economists say. But the risk is that they might also be quicker to cut back or consolidate U.S. operations when times get tough.
"Quite naturally, foreign companies want to play in this market," said Alan Tonelson, a research fellow at the U.S. Business and Industry Council, a trade group for small and midsize manufacturers. "They want leading-edge technology, and the United States is still the technology leader. But when they buy these companies, they're acquiring control over the most dynamic pieces of the American economy, and they're acquiring control over America's future."
Corporate deals are just one way the dollar's falling value is having an impact.......
(Excerpt) Read more at iht.com ...
"the effect of foreign deals on workers and communities if decisions on jobs and plant locations are made in Europe, Asia or the Middle East"
Data that I have reviewed shows that over 800 US Corporations and Private Comapnies have been sold to forreign buyers so far in 2007.
The paid shills will be along soon to tell us how great the deflating dollar really is.
1976, 1995, and 2000
Such pessimism. If the Mexican Peso gains enough strength against the dollar the flow of illegals will stop and then reverse itself.
Paid shills. That’s nice. Why don’t you enlighten the thread with your strong Dollar scenarios. In reality.
One sign you can’t win your argument is when you begin by questioning the motives of your opponent off-the-bat.
We have gone from exporting jobs and dollars to now exporting the whole company. Summary of current administration ‘101 ways to elect Democrats’.
Ask him to think of the falling dollar as an increase in the tariff on imports. Mental vapor-lock certain.
But, but, but selling our industrial base to the Red Chinese is good for the global economy Who needs a job when you have stock in a China fund?
Some irony in that your comment sounds like a Democrat campaign ad.
yeah remember when Japan was buying america and then it busted
And in other news, this thread is about foreigners investing in the United States.
I see Alan Tonelson is getting some ink here. We don’t hear much from him anymore since Willie left us — not that I miss either of them.
I imagine Tonelson, Hawkins, Willie, and others sitting in a circle and shaking their canes in the air.
Actually, what the thread say is:
"But when they buy these companies, they're acquiring control over the most dynamic pieces of the American economy, and they're acquiring control over America's future."
Anymore peanuts from the treason lobby you'd like to toss out there?
I did find some good in this thread....the keywords are entertaining.
And then their dentures fly out in a cloud of spittle.
I'll remember you highlighted that the next time GM invests in an auto plant in China.
“yeah remember when Japan was buying america and then it busted”
Shuwa Investments comes to mind.
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