shiwani | Shared With: Everyone - Mar 17 2008 | business, government, united states, news
Thought-provoking piece from economic writer Dan Gross about the rise of American incompetence in business.
Quoted: The dollar plunged to new lows against foreign currencies this week. There are plenty of reasons for its plunge, but at the most basic level, the dollar's weakness reflects the world's collective, two-thumbs-down verdict about the ability of the United States—businesses, individuals, the government, the Federal Reserve—to manage the global financial system and the world's largest economy.
- shiwani | Shared With: Everyone - Nov 13 2006 | india, United States, news
Happy to hear about this trend...
Quoted: The number of new foreign students in the U.S. increased this school year for the first time since 2001, and more Americans are studying abroad.
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Peter Schiff's predictions regarding the collapse have been right on, although his investment strategies have not yet panned out.
1 FaverViewed: 3 TimesQuoted: On October 28th 2008, Schiff stated in an interview on Bloomberg TV that the investment strategies outlined in both books currently "are NOT working" due to the collapse of foreign currencies, foreign stocks and the failure of gold prices to go up significantly as most of the world entered an economic recession and foreign investors flee to cash. Schiff, however, remained optimistic on his theories and stated this was a good opportunity to buy foreign stocks trading at yearly lows.
- DataShare - Sep 29 20081 FaverViewed: 8 Times
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