Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (4673)	6/10/2001 3:50:33 PM
From: Ilaine	Read Replies (2) of 74559

The Commerce Department reported last week that foreign investors spent just more than $320 billion last year to acquire or establish U.S. businesses. That was a 17 percent jump over 1999 in "foreign direct investment." As recently as 1997, such investment was only about $70 billion. That's a big chunk of the current account deficit Noland and his followers are screaming about, just wanted to make sure you saw that. Doubt very seriously we have to worry about that money being repatriated anytime soon.

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