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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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With the decline in the RE, Oil, and Bond mkts (price of Bonds goes down when Interest rates rise) money goes to the least risk to reward ratio and that is the Stock Market...
The Chinese use our Bonds to stablize their currency. The rest of the world views America as a safe haven in times of crisis and thus buy our bonds which is the reason why interest rates have not climbed through the moon, with a $7 Trillion debt...and $200 B defceit. So the $$$ has declined in value over the past coupla years which U might say is another way of financing the war on Terror.
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"Some Observer"
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