[lbo-talk] Empire And The Capitalists: Not In One Accord?

[Wojtek Sokolowski]

Doug:
> 
> He's got a point. But: 1) Roach's view is a minority on Wall Street, 
> 2) I'm not sure Soros, Buffett, and Gates are representative of the 
> U.S. ruling class, and 3) I think he exaggerates U.S. economic 
> weakness - who's doing better?
> 

Do not the decline of the dollar vs. the euro, the bearish stock market
and the low interest rates make the US less attractive for foreign
investments?  And if foreign investment substantisally falls, the US
economy is likley to enter a tailspin, no?  

PS.  Just came back from Europe.  One observation is that one can see
that Western European countries are wealthy  with one's own eyes - while
in the US one has to read about that in a paper - for the unsightly
urban landscapes of Baltimore and other major US cities create an
impression of  the third world rather than the world superpower.
Methinks Europe is doing great (measaued by their material product) and
have a room to expand, whereas the US has only one way - down.  Aftar
all, what does the US produce other than printing greenbacks for the
world trade?

Wojtek