To: XBob
I'd love to know what the newly-rich foreigners are spending their money on.
Are they investing in America, like the Japanese did a decade ago?
18 posted on
01/01/2004 6:19:05 PM PST by
syriacus
(Schumer's unhappy federal judges have lifetime positions, so he should work to amend that.)
To: syriacus
One answer: US Treasury Bonds. Both the Japanese and Chinese buy a ton of our paper.
22 posted on
01/01/2004 8:22:59 PM PST by
gipper81
(Kofi Annan, The Hague, the French, the Guinean foreign minister ... the usual suspects)
To: syriacus
Some are buying bonds and mortgage backed securities- there's a reason why we are having the lowest interest rates in decades. Foreigners have to invest the dollars here or exchange it for another currency. The strength in the Euro and gold suggests were some of the money is going.
23 posted on
01/01/2004 8:47:46 PM PST by
Pelham
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson