Climbing From Debt » stocks http://climbingfromdebt.com It's only after we've lost everything that we're free to do anything. Tue, 10 Aug 2010 16:56:49 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Reason #18927 To Get Out Of Debt Fast http://climbingfromdebt.com/2008/03/05/reason-18927-to-get-out-of-debt-fast/ http://climbingfromdebt.com/2008/03/05/reason-18927-to-get-out-of-debt-fast/#comments Wed, 05 Mar 2008 14:45:00 +0000 KC http://climbingfromdebt.com/2008/03/05/reason-18927-to-get-out-of-debt-fast/ So, I often listen to NPR whenever I’m in the car – and now that I take public transportation most everyday I download their podcast and listen to it while I’m on the T. Last Friday’s podcast contained a story by John Dimsdale titled, Foreign investors pulling out of U.S. Basically, foreign investment in US stocks is down 12% from last year – and that 12% is the most significant downward movement in recent history. While that may come across as not very important to someone that doesn’t have heavy investment in the stock market or a publicly traded company – it ends up being very important to someone that had a lot of credit debt and little savings.

Not all foreign investment is leaving. Foreign companies and sovereign wealth funds are taking stakes in private equity firms and other U.S. companies, but Global Insight economist Nigel Gault says the foreign flight from U.S. securities means in the future credit will be more expensive and Americans will have to rely increasingly on their savings.

Ouch – as if I needed more reason.

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