Some is in overseas corporate debt, and slivers are in equities and local-currency debt.
Analysts at Goldman Sachs believe that lower overseas demand for corporate debt has put downward pressure on the dollar.
These headwinds include a stubbornly high unemployment rate, a disturbing trend of increasing jobless claims, elevated commodity prices, a lackluster residential real estate and increasing sovereign debt problems overseas and, as previously discussed, on our homeland.
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As competition for consumers intensified amid the growth of the book superstore in the 1990s, Borders made a number of crucial gaffes including transferring its Internet operations to Amazon in 2001 and embarking on an overseas expansion that swelled its debt.
The deal is an indication that overseas investors are warming up to debt issued by European countries as troubles recede for fiscally stressed members of the euro zone.
Japan saw a 25.1% plunge in overseas shipments to the European Union as the sovereign debt crisis continues to hurt demand.
Poland and Hungary are now seeking access to a number of U.S. trade and financial privileges, including: permanent or multi-year most-favored-nation status, tariff benefits under the generalized system of preferences, eligibility for Overseas Private Investment Corporation programs and large-scale debt relief.
Foreign buyers had shunned Spanish bonds in recent years as Spain lurched from one crisis to another, but fading concerns over the fate and the composition of the euro zone have emboldened overseas investors to resume purchases of Spanish and Italian debt.
Weighing on overseas markets, Spain and Italy sold short-term debt at sharply higher yields than in previous auctions.
Examples: different tax rates on companies that are financed through debt rather than equity, different rates on overseas and domestic investment and other tax loopholes for certain industries, like oil and natural gas.
The latest talks to resolve the Greek debt crisis hit another stumbling block, and some overseas markets are pulling off more than 1% this morning.
Borrowing money to buy back shares and pay dividends shows that Apple and others prefer to tap the debt markets at historically cheap rates rather than bring cash back from overseas, which can incur taxes.
And like Japanese banks, the Chinese ones gather deposits from thrifty households but lend only some of these back out, mainly to companies, parking the vast excess in government bonds and with the central bank (although the Chinese government, unlike Japan's debt-laden government, is a net creditor that invests these excess funds overseas).
They can buy a company, load it up with debt, lay off the workers, strip away the pensions, send the jobs overseas -- and still make a big profit doing it.
WHITEHOUSE: Remarks by the President at Ohio University, Athens, OH
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