[lbo-talk] foreigners losing will to fund US?

joanna 123hop at comcast.net
Tue May 17 12:01:51 PDT 2005


Doug Henwood wrote:


> Wall Street Journal - May 17, 2005
>
> U.S. Bond, Stock Purchases
> By Foreigners Drop Sharply

Yes, indeedee.

I just got back from the travel agent. It turns out, that since last I looked, airfare to Europe has doubled, and the U.S. has become the Mexico of Western Europe. There are no seats on airplanes because everybody is coming this way: we're cheap, cheap, cheap.

This will take some getting used to.

Joanna



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