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Politics : Ask Michael Burke
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To: Terry Maloney who wrote (85701)11/19/2000 9:06:51 PM
From: Tommaso  Read Replies (1) of 132070
 
You didn't ask me, but it appears that it has to do with foreign investment in the uS stock market. Money flows to where the value appears to be. In the later 1920s it was the broker loan rate with a gold standard that brought money from Europe. Now it's the decades-long rise of the stock market. Two weeks ago, or maybe a week ago, the New York Times estimated over $190 Billion flowing into the US stock market from abroad. We are not only sending our dollars overseas, but we are selling them our stock certificates at inflated prices.
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