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Weak Dollar Means Foreign Companies Buying American Companies At Record Levels

10.03.2007

WiseOne

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Join Date: Sep 2007

Location: Big Sandy, TN

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Weak Dollar Means Foreign Companies Buying American Companies At Record Levels

Quote:

BOSTON: European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy.
"We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners.

Read More Here >> International Herald Tribune

WiseOne's Comments, damnit people, this country is headed for a MAJOR fall! Just MHO

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