Legend says that Archimedes discovered the principle of displacement while stepping into a full bath. He realized that the water that ran over equaled in volume the submerged part of his body. Follow the money. Or when Baby Face Nelson was asked; Why do you rob banks?? Enough about money, where does it go? Ask Archimedes; currently it is flowing out of the US. One foot in the water: $400+++billion a year going out of the US to oil-producing countries. Some goes to stellar international figures like Venezuela President Hugo Chavez. Canada gets 20% - time to visit Terrance and Philip. Put that other leg in the bath: You know our little bank problem. Now we don't know the outcome of that $700 b (Hey that's pushing a trillion, real money.) But we know that China will be a big buyer of that debt. Who, when or how did that robbery happen? Where is Nelson when we need him? It was so clear then. So if you are building your data center, growing your business through acquisition, you may want to look to Europe until this boils over. Banks are in business to loan money. European banks know this and generally have longer horizons. It will take a while before US banks figure that out again. (As a side note those short-term horizons and quarterly judgement days were a contributing factor.) The one thing I am convinced from last weeks Hosting Summit, is that the data center and hosting sectors are fundamentally good, if not excellent. More about T ...
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