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. [...]

Last 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.

Posted by Orrin Judd at October 17, 2007 11:09 AM
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