{"id":200053,"date":"2007-06-06T21:35:00","date_gmt":"2007-06-07T02:35:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/06\/06\/this-article-is-incomplete-its-not-about-the-fed-its-about-overseas-investment\/"},"modified":"2007-06-06T21:35:00","modified_gmt":"2007-06-07T02:35:00","slug":"this-article-is-incomplete-its-not-about-the-fed-its-about-overseas-investment","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/06\/06\/this-article-is-incomplete-its-not-about-the-fed-its-about-overseas-investment\/","title":{"rendered":"This Article is Incomplete.  It&#8217;s Not About the Fed, It&#8217;s about Overseas Investment."},"content":{"rendered":"<div xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\">A lot of this is foreign and domestic investors who are chasing higher rates of return now that rates in Europe are increasing.<\/p>\n<p>It is this, which will produce downward pressure on the US Dollar, which will get our interest rates going up.<\/p>\n<p>The US is dependent on foreign money flowing in for its solvency.  We are like a pre-crash Argentina.<\/p>\n<blockquote><p><span style=\"font-size:130%;\"><a style=\"color: rgb(0, 0, 153); font-weight: bold;\" href=\"http:\/\/money.cnn.com\/2007\/06\/06\/markets\/markets_0945\/index.htm\">Rate woes sack stocks<\/a><span style=\"color: rgb(0, 0, 153); font-weight: bold;\"> <\/span><\/span><\/p>\n<p><span style=\"color: rgb(0, 0, 153);\">Major gauges slip as investors eye ECB rate hike, rise in unit labor costs, Lacker comments, home price outlook.<\/span><br \/><span style=\"color: rgb(0, 0, 153);\">By Alexandra Twin, CNNMoney.com senior writer<\/span><br \/><span style=\"color: rgb(0, 0, 153);\">June 6 2007: 11:07 AM EDT<\/span><\/p>\n<p><span style=\"color: rgb(0, 0, 153);\">NEW YORK (CNNMoney.com) &#8212; Stocks tumbled Wednesday morning as investors absorbed reports that suggested rising inflation, higher interest rates and a bigger-than-expected drag from the housing market going forward.<\/span><\/p>\n<p><span style=\"color: rgb(0, 0, 153);\">The Dow Jones industrial average (down 92.49 to 13,502.97, Charts) lost around 100 points, or more than 0.8 percent 90 minutes into the session. The broader S&#038;P 500 index (down 13.41 to 1,517.54, Charts) lost 0.8 percent. The Nasdaq composite (down 22.94 to 2,588.29, Charts) gave up 0.9 percent.<\/span><br \/><span style=\"color: rgb(0, 0, 153);\">Stocks fell Tuesday as cautious remarks by the Federal Reserve chairman, rising Treasury yields and a strong reading on the economy raised worries that the central bank could raise interest rates later this year.<\/span><\/p>\n<p><span style=\"color: rgb(0, 0, 153);\">&#8230;.<\/span><\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A lot of this is foreign and domestic investors who are chasing higher rates of return now that rates in Europe are increasing. It is this, which will produce downward pressure on the US Dollar, which will get our interest rates going up. The US is dependent on foreign money flowing in for its solvency. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1017],"tags":[],"class_list":["post-200053","post","type-post","status-publish","format-standard","hentry","category-economy","category-international-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200053"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=200053"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200053\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=200053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=200053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=200053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}