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Old 11-01-2005, 05:21 PM   #5
doctorzlo

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Jun 2006
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4,488
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Yeah except that in financial terms all of our debt holders are over there. We need to keep long term rates stable or slightly inflationary and one way to do that is to insure debt markets are stable and depressed.

This creates arbitrage opportunities overseas and you are beginning to see personal wealth leave to other capital markets as a result. In fact this latest round of wall street year end bonuses almost entirely went into overseas funds. Foreign exchanges and debt markets are seen as more volatile than the US market and the potential to make more money is over there not here. To cap the volatility see you'll an expansion in overseas hedge funds.
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