THE ASTUTE BLOGGERS SCOOPS DINOCRAT BY 11 DAYS

DINOCRAT - one of the best business/economics blogs in the blogosphere - posted this yesterday:

The dollar hits new lows against the Euro and other currencies, yet there is little indication foreign corporations or governments are taking advantage of the situation to participate in the Yard Sale of the Century — that is, buying US equities.

There is a double whammy in doing so. Stock prices are down, so is the dollar, and equities will participate in future economic growth, plus a recovery in the currency when relative interest rates readjust. Logic would suggest that the foreign surplus entities should be on a buying spree in the US. Indeed, the recycling of surpluses is an economic necessity for the system to function. So where are the buyers at the Yard Sale of the Century?

We posted this eleven days ago:

HEY... YO, EUROPE: IT'S TIME TO BUY AMERICAN!

• The dollar is weak.
• The stockmarkets are low.
• Real estate is cheap.
• Stop buying gold and oil futures.
• IT'S TIME TO BUY AMERICAN!

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