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CHICAGO – There’s a fire sale going on

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Lazarus Member Level  Wednesday, 05/07/08 09:12:15 PM
Re: Lebaneseproud post# 549
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CHICAGO – There’s a fire sale going on in the U.S. at the moment.

As I sit here in New York while attending the annual NanoBusiness Alliance nanotechnology conference, the city is mobbed with foreign tourists who find the U.S. dirt cheap. Considering New York is probably the most expensive city in the U.S., you can imagine what the rest of the country must look like to these foreigners.

To get a little perspective, take a look at the five-year exchange difference from a number of different currencies around the world versus the dollar. Though I picked a five-year time period, a large change has taken place actually within the last 12 to 18 months. .....

entire article here:
http://www.midwestbusiness.com/news/viewnews.asp?newsletterID=19156

HE GOES ON TO SAY

.....As I started out the column and as my focus is life sciences companies, the price tag for doing business in the U.S. market – the largest market in the world with at least 45 percent market share – is getting cheaper and cheaper for foreign companies looking to set up shop here. In fact, the acquisition of an American company has rarely been cheaper.



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