Re LOV and Tory Stabilisation ?

Howie Chodos howie at
Fri Jul 7 15:04:23 MDT 1995

Thanks for the stats, Doug. It would seem that your data is pretty much in
line with what I had read elsewhere, though more precise. Let me second
Jerry's appreciation for the resources you make available to our discussions.


Doug wrote>>>

>On a historical cost basis (i.e. as opposed to replacement value at present
>prices), the UK had $95.4 billion in direct investments in the US in 1993,
>and Japan, $96.2 billion. [Survey of Current Business, August 1994]
>>dominant sector of international capital (in the July Monde Diplomatique
>>Susan George says that it is now thought that the value of monetary
>>transactions exceeds the total productive investment in industry and
>Daily turnover on the CHIPS (Clearinghouse Interbank Payment System) wire,
>which carries most of the world's transactions involving the US$, is just
>over $1 trillion - meaning that US GDP is turned over in a bit more than a
>week, and world product in a month.

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