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Bogle Slams `orgy Of Speculation,' Foreign Influence

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http://www.bloomberg.com/apps/news?pid=206...amp;refer=funds

March 14 (Bloomberg) -- Vanguard Group Inc. founder John Bogle, a longtime critic of short-term trading, said an ``orgy of speculation'' has led to foreign investors gaining too much influence over the U.S. economy.

``We should have never let ourselves get into this position where so many dollars are being held by foreign countries and bought by foreign countries that are enemies,'' Bogle said today in an interview with Bloomberg Television.

In a March 12 interview with the Public Broadcasting Service, President George W. Bush said he welcomed investments in the U.S. by sovereign wealth funds.

``I think it makes sense for us to encourage them to reinvest in our country,'' Bush told PBS. Policies are in place to make sure they don't reinvest in industries that have significant national-security concerns, Bush said.

doh, the Feed US BANKS concerts coming to a place near you.

Edited by crash2006

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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