Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Global Arms Sales Decline to a Mere $57.5 Billion

Print comment Post Comments
SHOOT FIRST
DailyFeed
How bad is the global economy? So bad that a mere $57.5 billion worth of arms were sold worldwide in 2009, a report to Congress found. That's an 8.5 percent drop from the prior year, and the lowest level since 2005, the last time shooting up people and stuff was this unpopular.

Still, the United States, the world's "peacemaker," dominated 39 percent of the global arms market. The most active buyers from the U.S. were clients in the Middle East and Asia.

Overall, the world spends more than $1.5 trillion annually on the military, the highest level of spending since the Cold War. By comparison, that's about a third of the total global spending on healthcare.
POSITION:  No positions in stocks mentioned.

TICKERS