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Originally Posted by flashfreak
haha.. this must be a joke.
maybe you don't know that half of the investitions in EU are made by former US companies, investment funds etc.
if they want they can leave EU ass naked !
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Joke? Na.. it's no joke!
This is not something new and has been happening for several years now. Foreign corps and other nations had been investing in the US market at a high level. This took a dramatic downturn within a few months in.. think it was late 2002 when US foreign investments funds dropped to around 10% of the then "norm". Since then, there has been some increase, but not near on the levels that existed previously.
Add the enormous debts which are ongoing in trade imbalances and other areas and it does not take any expert to see there is massive trouble ahead.
BTW.. The comment that half EU investment is made by US corps is nowhere near any truth. If anything, forgetting just the EU, the US debts to other countries is more of a concern.
The comments about "it sucks for non-US affilates" is not really valid either, cos US folks will end up paying the price as well - it's all in the goods imported and the "real cost" of these cheap products after financial/dollar conversions are added.
Bottom line... It ain't good for anyone, whether they are in the US or elsewhere cos the ripple effects are just massive, - even forgetting other possible action if the dollar decreases further. Example - anyone think OPEC will want to continue pricing oil in dollars?:-) They have been patient so far, but there can come a time for change.
It's a damned dangerous time - mainly for the US, but many other countries as well.