[CEO] Henry is cited as saying that the Anglo-Dutch oil major [SHELL] would rather deposit $15 billion of cash in non-European assets, such as U.S. Treasuries and U.S. bank accounts.
The firm is forced to keep some money in Europe to fund its operations, but is keeping the bulk of its reserve liquidity out of the euro zone to avoid growing macroeconomic risk, the report said.THE ONLY REASON THE US STOCK-MARKETS AND CURRENCY IS DOING WELL IS BECAUSE EUROPE AND CHINA ARE CRASHING - ALBEIT IN SLOW MOTION AND PERHAPS WITH A SOFTISH LANDING.
THE US ECONOMY SUCKS, BUT EUROPE AN CHINA SUCK WORSE.
(HEY, MAYBE THAT COULD BE OBAMA'S NEXT CAMPAIGN SLOGAN!)
THE SLOW MOTION/SOFT LANDING IS BEING ENGINEERED BY THIS KABUKI DANCE: