Asia Rethinks American Investments Amid Market Upheaval

HONG KONG — Tremors from Wall Street are rattling Asian confidence, leading many investors to question the wisdom of being invested in the United States to the tune of trillions of dollars. Asian investors were starting to show hesitation even before the financial earthquake of the last week. Now, a wariness toward the United States is setting in that is unprecedented in recent memory, reaching... [more]

HONG KONG — Tremors from Wall Street are rattling Asian confidence, leading many investors to question the wisdom of being invested in the United States to the tune of trillions of dollars. Asian investors were starting to show hesitation even before the financial earthquake of the last week. Now, a wariness toward the United States is setting in that is unprecedented in recent memory, reaching from central banks to industrial corporations, from hedge funds to the individuals who lined up here to withdraw money from the American International Group on Wednesday. http://www.nytimes.com/2008/09/18/business/worldbusiness/18asiainvest.html?_r=1&ref=business&oref=slogin There goes the financing of the Bush Deficit. Interest rates on the rise. People have been warning about it for decades. Nobody's interested in listening. Okay - the Asians are going, hooray, hooray! [less]