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China to Buy $2 Billion Worth of US Mortgages
CNBC ^
| 8-17-2009
| Reuters
Posted on 08/17/2009 5:15:46 AM PDT by Ghost of Philip Marlowe
China Investment Corp, the country's $200 billion sovereign wealth fund, is set to pour up to $2 billion soon into the U.S. mortgage system by hiring mandates under the U.S. Treasury-backed Public-Private Investment Plan (PPIP), sources told Reuters.
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(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: china; mortgage; ppip
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To: 1rudeboy
Simplest answer? China sees real estate as the better investment. Looks like I will have to go back to school and learn Chinese
To: Ghost of Philip Marlowe
No, it is because when the dollar is destroyed, they will own something real....They know our dollar is going to be worthless, so they are (de facto) buying our land cheap. exactly.
22
posted on
08/17/2009 2:30:17 PM PDT
by
kara2008
(Government cannot be the solution when government is the problem)
To: Ghost of Philip Marlowe
As we learn from Thomas Sowell (and, Henry Hazlitt), when you analyze economics, you have to think beyond stage 1 and on to stage 2, stage 3...for as far along as you can. Step 1: Collect Underpants
Step 2: ?
Step 3: Profit!
23
posted on
08/17/2009 2:33:05 PM PDT
by
dfwgator
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