Did You Know?

Posted on Jan 11, 2006

Normally this would be a linkroll post. (Are you reading the linkroll? Megan is!) In this case, however, I’m going to make an exception.

Did you know that the United States requires 2 billion dollars a day in foreign investment to continue its current rate of capital consumption. And that, for some reason, it’s creditors are willing to put up with a relatively low interest rate and devaluation of the dollar on top?

I don’t read all the economics blogs, but I can tell you, not even they know what this means.

What I will say is that if you are typically inspired by the behavior of the US, go get that stove on credit!