The love affair of American investors with the stock market appears to have ended. The year now ending will be the fourth consecutive year in which mutual funds that invest primarily in American stocks experienced net outflows of funds, meaning that investors as a group withdrew more money than they put in.
No big deal, you think? Well think again. With nearly $10 trillion in corporate debt maturing over the next few years, competition for scarce capital is on the verge of become more intense than ever. And America is rapidly becoming a stand for nothing except arming the world.
Most observers agree that cash-rich Big Business will emerge stronger than ever in the face of the maturity wall, extending their clout beyond any recognizable borders. So will Big Politics. With Citizens United, U.S. policy and elections are now for sale to the highest bidder, regardless of their nationality, location or agenda. Way to go, Mr. Pope.
BlueNC is dedicated to freedom and fairness for the people of North Carolina. If you share that vision, welcome. If your intention is to disrupt our efforts, please find somewhere else to express your opinions.