Japanese investors are pulling money from U.S.-based mutual funds and other investments, and moving it into emerging-world mutuals and other funds, especially in China and India.
That sound you hear is the dollar falling a little further.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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As seen at Washington Babylon and other fine establishments
November 23, 2007
Japanese saying ‘sayonara’ to the dollar
Labels:
2007 economic analysis
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