Wednesday, November 17, 2010

More on the 2%

While we're at it, here's another fun little news item.

You know how the Fed is bending over backwards (and then some) to make cheap money available to big corporations so that they'll finally start spending and investing and hiring and maybe get Americans back to work?

Well, according to a recent article on Bloomberg, the aforesaid big corporations and are (wanna guess? Huh? Wanna?) investing it outside of the US. The cash is flowing in a major gauge pipe right overseas.


Is it just me? Or does that feel a little like somebody just shoved a knife between our shoulder blades?

But, of course, it is a well-made knife, with an excellent bone handle, and a blade of the finest Swedish steel.

Nothing but the very best for the 2%.

The article: Not Made in America Prevails as Fed's `Cheap Money' Finds Its Way Overseas

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