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View Diary: Washington Post Notices Class Divide (296 comments)

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  •  All the brokerage firms also (11+ / 0-)

    tell their clients to invest at least 20% to 25% in FOREIGN markets, not in the U.S.A.

    So much for those tax breaks creating jobs here in America.... maybe in the Cayman Islands....

    -6.13 -4.4 Where are you? Take the Test!!!

    by MarciaJ720 on Sun Jun 19, 2011 at 08:24:23 AM PDT

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    •  And the smart money thinks that's (0+ / 0-)

      an unwise overconcentration in the US.

      And it is.  US corporations have the worst regulation in the developed world, so even if the company does well, the stockholders are likely to get cheated.  Investors are simply safer investing in European corporations, or even South American corporations.  Chinese corporations, perhaps about equally safe as the US.

      Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

      by neroden on Sun Jun 19, 2011 at 07:06:20 PM PDT

      [ Parent ]

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