October 17, 2007
WHEN YOU BUY FUTURES, BUY THE COUNTRY THAT HAS ONE:
World buys US, China buys world (Abid Aslam, 10/17/07, Asia Times)
Foreign investment in the United States grew by 74% to US$175.4 billion in 2006, almost twice the global growth rate of 38 %, the UN Conference on Trade and Development (UNCTAD) said in its 2007 World Investment Report. [...]Posted by Orrin Judd at October 17, 2007 11:09 AMLast year's total was the highest since 2000, when the amount of foreign corporate money flowing into all countries peaked just above $1.4 trillion before technology stocks began to tumble. Terrorist attacks in the United States the following year added to a worldwide slowdown.
China saw its inflows fall for the first time in seven years to $69.5 billion from $72.4 billion in 2005, UNCTAD said.