Venture Capital going global - US not the preferred country anymore (debt, money)

[HappyTexan]

Another indication that the BRICs are up and coming:

Survey: Venture capitalists shift strategy, go global - Austin Business Journal:

snippet:
"And venture capitalists agree that investments are more likely to increase in countries outside of the U.S. than domestically in the next three years. Half of the venture capitalists surveyed said investment will increase in Asia (excluding India); 43 percent named India; 36 percent selected South America; 25 percent said Europe and the United Kingdom; and just 17 percent said investment would increase in North America."

[LSU Tiger Z71]

Makes sense to invest more in emerging markets.

[HappyTexan]

Especially markets where their governments and people aren't in debt up to their eyeballs.

[tallrick]

And in places where ballooning government will not step in to control your investment.

[user_id]

Originally Posted by tallrick

And in places where ballooning government will not step in to control your investment.

If you think Asian countries don't try to control your investment think again.

[floridasandy]

i see the goldman sachs economist is still trying to do his part for the new world order:
http://www.chinadaily.com.cn/world/2...nt_8272451.htm
Goldman Chief Economist Jim O'Neill said China's economy was now likely to overtake the United States in less than 20 years time and the four BRIC countries combined - Brazil, Russia, India and China - could dwarf the G7 over the same period.

"Their relative rise appears to be stronger despite the rather pitifully thought out views by some a few months ago that the BRIC 'dream' could be shattered by the crisis," he said in a telephone interview from London.

O'Neill invented the term BRIC in 2001 when he forecast that Brazil, Russia, India and China would overtake some of the world's top economies in the first half of the 21st century, becoming building blocks of a new world order.

Goldman is forecasting that the world economy will contract by 1.1 percent this year while BRIC economies will grow by an average of 4.8 percent, O'Neill added.

"I think BRIC as an institution is a very useful threat and inter-temporal political grouping to force more realistic change of global institutions," O'Neill said. (OH REALLY?)

He said the G8 should be reformed, with China, India and Brazil taking the places of eurozone members Germany, France and Italy, which he said should be represented by the EU and European Central Bank. Russia is already a member of the G8.

O'Neill said the idea floated by Zhou Xiaochuan, governor of the People's Bank of China, to make the International Monetary Fund's Special Drawing Rights (SDR) the basis of a new supranational currency was a fascinating idea. (OH REALLY?)

[HappyTexan]

So I would speculate that the money that left the US is now invested in those BRIC countries.
Now starts the pump and dump ....invest in the BRICs for the future meanwhile the big boys already have their money in and will ride the wave and get out when the herd comes a running.

[floridasandy]

every time i read that goldman sachs story i get more offended. i resent that corporations on wall street were allowed to ship the manufacturing jobs overseas for more profits, with the help of our inept congress. our last administration was a disgrace and this administration is a disgrace. they are doing this out in the open! (unless you count the fact that our newspapers are not reporting this story and it was on the asian newspaper instead). americans haven't even had to pay for this massive spending spree yet, but it will get ugly for the american worker at some point and other countries are in line to receive the benefit of this american taxpayer bailout.

[RedNC]

Why do they have expanding economies? Simple, because they make things. Service and consumer only economies are BS. Unfortunately until the CEO's join everyone else in the bread lines we will continue this path straight to the bottom.