Quote of the day, on sovereign wealth funds
No less an orator than president George W Bush of them great misunderestimated United States, trotted out this line in an address to the Economic Club of New York just now. He promised to strongly promote his free trade proposals, and spoke eloquently against isolationism and protectionism — sentiments that I, as a foreigner, cheer.
This raised a laugh:
It makes no sense to deny capital, including sovereign wealth funds, from access to the US markets. It’s our money to begin with. It seems like we ought to let it back.
Proof that seven years of regular practice can make a moderately competent speaker out of anyone.
