Nashville Pete
October 21st 03, 10:42 PM
If the US Government prevents the free exchange of currency by it's citizens
while Corporations can do what they wish then this country is not worth
living in. Otherwise exchange risk is basically no different than any other
market risk. If you invest in a Multi-National Corporation your investment
is also subject to political risk. I don't understand your objections. But I
agree, no one should dismiss any risk out of hand and I don't think anyone
in this thread did.
"BMS" > wrote in message
. net...
> I have my degree in Economics, so spare me the theory.
>
> Two real risk factors are foreign exchange, the getting coin back that you
> can use. At last check the supermarket doesn't take euros.
>
> The other is political risk. A report today has that the Chinese banking
> system is massively unstable and that its currency is about 40%
undervalued.
> Add to that mix the protectionism rumblings coming from Washington due to
> manufacturers that are losing markets to the Chinese in particular.
>
> I'm not against global markets, but there is risk that has to be
considered
> and dismissing it out of hand is not prudent.
>
while Corporations can do what they wish then this country is not worth
living in. Otherwise exchange risk is basically no different than any other
market risk. If you invest in a Multi-National Corporation your investment
is also subject to political risk. I don't understand your objections. But I
agree, no one should dismiss any risk out of hand and I don't think anyone
in this thread did.
"BMS" > wrote in message
. net...
> I have my degree in Economics, so spare me the theory.
>
> Two real risk factors are foreign exchange, the getting coin back that you
> can use. At last check the supermarket doesn't take euros.
>
> The other is political risk. A report today has that the Chinese banking
> system is massively unstable and that its currency is about 40%
undervalued.
> Add to that mix the protectionism rumblings coming from Washington due to
> manufacturers that are losing markets to the Chinese in particular.
>
> I'm not against global markets, but there is risk that has to be
considered
> and dismissing it out of hand is not prudent.
>