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THIS ONE IS A MUST READ!!!!!!!!!!!!!!!!!!!!!!!!!!

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_lzK7rEdEd4&refer=home

It is discussing what China will do with all its foreign currency reserves. What does this
mean for the U.S. economy? Any thoughts?

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aDyZ0i8peTzw&refer=home

It is about the Japanese economy picking up steam. What does this mean for the US? Does
this mean that they will invest less in the US, thus causing treasury yields to rise, and
thus forcing hte US economy into a recession?????

Short-term, I don't think so, but it's something to keep in mind...

That last "new article" at the bottom is - I feel - worthy of your time, as it has
economic as well as company-specific (read: stock-specific) implications.

For those of you that own oil companies, this gives further evidence of why you have to
know every place your oil company drills, explores, pumps, etc....

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Here is a terrific example of why one should: a) never invest in a socialist country; b)
be wary of exposure to Latin American through ETF's, mutual funds right now; c) be wary of
investing in companies with exposure to Latin America (thus, for you people holding oil
companies, might wanna verify where they drill/explore/pump/etc...)

http://biz.yahoo.com/ap/070303/venezuelan_flight.html?.v=2
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^^^ That foreign investment bill is ridiculous. Check out the latest moves from China's
government:

China's Stocks Climb, Cutting Losses; Hong Kong Shares Decline. By Zhang Shidong. Feb. 28
(Bloomberg) -- China's stocks climbed in Shanghai, cutting some of yesterday's losses,
after official media reports said the government won't impose capital gains taxes on
stocks and will allow overseas investors to buy more domestic equities.

No capital gains taxes???! China is looking more pro-capitalist each day than the U.S.
Federal government.

Thanks Mock- You are really helpful.

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that Pennsylvania "has almost 400,000 people employed by foreign owned companies."
In 2005 alone, foreigners increased their investment in the U.S. by $1.4 trillion, an
amount larger than the entire GDP of all but seven nations. Foreigners like our giant
market, its rapid growth and, especially since the 2003 tax cuts, our higher returns on
capital investment. According to Commerce Department data, last year foreigners invested
roughly $500 billion more in the U.S. than Americans invested abroad.
"The United States derives substantial benefits from open trade and investment flows,"
concludes the latest Economic Report of the President. Net foreign direct investment
"accounts for a disproportionately high share of U.S. exports" (19%), physical capital
expenditures (10%), and R&D spending (13%). This investment also accounts for five million
American jobs paying well above the national average.
Open U.S. capital markets allow Americans to invest in growing foreign companies as well.
From 1997-2005, American shareholders have tripled the net value of their ownership of
foreign firms, to more than $3 trillion. Nokia may be based in Finland, but some 55% of
the cellular phone company's shares are owned by Americans. Capital Group, a U.S. asset
management company, recently became the largest single Nokia shareholder. Limits on
foreign investment here will only invite retaliation abroad.

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The House of Representatives takes up a foreign investment bill today, so it's time to
hold your breath. In the best case scenario, the Members will do their Lou Dobbs riff on
"the selling of America," and then pass largely symbolic legislation. But the debate is
taking place with an "open rule" on the House floor, which means protectionists could yet
do real harm.
For their part, the voters have long ago moved past last year's Dubai Ports fiasco, with
polls showing that most Americans understand the benefits of foreign investment. They can
see it every day. Only this week, Toyota announced its latest plans to make cars in the
U.S., creating some 2,000 jobs in Mississippi. Hyundai is locating an R&D headquarters in
Michigan. And Governor Ed Rendell, a Democrat, recently boasted

I believe we intervene faster than we allow free markets to operate.