Don’t the national debt, joblessness and over regulation/taxation have an effect on the amount of capital flowing in this country?
For years all we heard on these threads was all about how terrible Bush's spending and Bush's economy was. Meanwhile, people all over the world with money bought T-bills because they knew that the posters were morons. There was no affect because the there was no cause.
How about the affect of today's record deficits and unemployment on future capital flows? My take is that it depends on whether Obama makes capital illegal or not.