DOW CAN DROP 3,000 MORE POINTS ON CHINA FEARS It would serve the bastards right for exporting our jobs and then exporting the capital needed to create new jobs here in America. Yeah, yeah, I know that trickle down will help the jobless, eventually. But the jobless cant wait any longer. And the exporters of our jobs and capital can readily absorb a 3,000 point drop in the Dow Industrials. Theyve diversified into emerging markets long ago. But what sends chills down their spines is the rising interest rates and creeping inflation in China, Turkey, Argentina and other emerging economies. That spells huge, future losses on their balance sheets. So the smart money will start looking for safe havens like the United States. If the multinationals want to repatriate the money stashed overseas in a flight to the best house on the block -- the U.S.A. -- let them. But let’s not lower their tax rates as an added incentive for them to act. The impact of rising interest rates and creeping inflation in the emerging economies ought to prod them to get their assets back home. And the taxes paid can be put to use here hiring the jobless to do lasting and useful work for our country. And yes, a 3,000 point drop in the DOW would put it back where it was when Lehman went under.
Posted on: Sat, 25 Jan 2014 13:51:50 +0000
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