Dec
19
The Story of 2007
The economic story of 2007 isn’t Facebook being worth $15bn, its not the subprime mess and the resulting credit crunch, its not the fact that the US economy seems eerily similar to where we were in 1975.
The economic story of 2007 is where the money is coming from. The capital that is propping up our companies and economy is coming from China, The Middle East, and Russia. On Monday we learned that middle east capital was required to shore up the balance sheet of Related Companies, one…
Comments (View)
