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hardflex hardflex is offline
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Join Date: Sep 2002
Location: dfw tx
Posts: 3,957
connect the dots and you can see the "Borrow and Spend" increasing the "velocity" of money out of the country,

from an LA Times article.......
"Already depressed by the nation's huge budget and trade deficits, the U.S. dollar is being undermined by American mutual fund investors: More of them are funneling money into foreign stock funds, a shift that hurts the greenback.

Thanks in large part to the dollar's weakness, returns on foreign shares overall have significantly outpaced U.S. market returns since 2002. Foreign stock mutual funds have gained 12% a year, on average, over the last three years, compared with a 4.9% average annual gain for domestic stock funds, according to Morningstar Inc. "

I must say, the business my wife's in is booming. But she's in Mortgage reposessions so when her business is up it's a sign of a bad economy.
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Old 12-21-2004, 12:04 PM
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