Here’s a remarkable article. It crows about foreign “confidence” in the United States’ economy, as evidenced by the fact that so many foreign companies are buying up businesses in the U.S.:
Foreign Investor Confidence in US Business Is High - Seeking Alpha
Bottom Line: Americans might have lost confidence in their economy over the last few years, but foreign investors apparently haven’t, and in fact, are increasingly bullish about the U.S. economy and its businesses. Despite subprime mortgage problems, a housing slump, threats of a recession in 2007, and comparisons to the Great Depression, foreigners almost doubled their investments in U.S. businesses in 2007 ($277 billion), compared to 2006 ($165 billion).
Um. Dude is either full of shit or he’s never heard of a lawn sale.
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