Robert Reich: Earthquake Good for US Business
March 18, 2011
Would somebody please gag this ghoul?
From
Real Clear Politics:
Former Secretary of Labor Robert Reich gave his opinion on the global market reaction to the crisis in Japan.
"What's likely to happen first of all, and it's an irony, is that a lot of global money will come to the united states. The united states is a safe harbor. It's very stable. We know and global investors know that they can trust what happens in the United States, trust their money in the United States. And so Treasury bills, the cost of borrowing for the United States from the rest of the world is likely to be even lower. Again, the ultimate in the Middle East, uncertainty about where Europe is going," Reich told MSNBC.
Video at
RCP.