Has the U.S. become a bad investment?
- 06th November 2007
- Wallace G. Smith
The big headline in the Financial Times on Wednesday, October 17, 2007, was "Investors flee US securities." It seems that "[f]oreign investors slashed their holdings of US securities by a record amount as the credit squeeze intensified." Apparently, faith in America as a good investment is diminishing. The article quotes Alan Ruskin, chief investment strategist...