Face facts...alot of middle eastern oil giants have lots of cash...from the surge in profits from oil. They have to invest it somewhere...and its not going into Russia or South America. With the dollar so cheap...I think you will see dozens of deals like this over the next year. If you have dollars in your hand...you simply aren’t going to convert that to Euros or any other currency...with the situation like it is....so the US in someways...is intentionally attracting the Arabs to bring the oil money back into the US and invest it. I’m not going to say this is positive...but obviously...the money has to go somewhere.
You know how Dubai is exploding
with huge capitalistic growth, poc ..
Rush mentioned how fascinating
it is yesterday. They are definitely
on a roll, and I can’t imagine they’d
go for anything like Achmanutjob or
terrorists that would dare put their
billions of investments at risk.
Happy Thanksgiving. Any turkeys there ..
the gobble gobble kind ? ;)