Inevitably, We Will Sell The Kitchen Sink
by
MikeSar
07/10/2008, 4:12 PM #
As the dollar falls and the Euro and the Yen raise in value, what may be uneconomically "High" to us will seem "cheap" to the world. In time, we will sell Dow-Jones, et al.
Because of the price premium paid, the new owners will fire workers and shut down branches. Just like it always happens.
When the "good times" return, whenever that may be, we will pay a primum to buy back these companies. And we will, again, drink "patriotic" beer on July 4th.