Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Foreign buyers to save US housing market

Discussions about the economic and financial ramifications of PEAK OIL

Foreign buyers to save US housing market

Unread postby dukey » Sun 11 Nov 2007, 09:08:50

yeah thats just what you want
foreigners to OWN your country
rofl

on a side note, the UK housing market will likely blow up soon.
User avatar
dukey
Intermediate Crude
Intermediate Crude
 
Posts: 2248
Joined: Sun 20 Feb 2005, 04:00:00

Re: Foreign buyers to save US housing market

Unread postby swifty » Sun 11 Nov 2007, 09:31:46

Doesn't China already own a large piece of the US. They are holding large numbers of bonds - they had to do something with all those dollars. What will they do now? Call in their markers? Looks like they are turning to others for trading. They may not need us much longer.
User avatar
swifty
Wood
Wood
 
Posts: 25
Joined: Tue 29 Aug 2006, 03:00:00

Re: Foreign buyers to save US housing market

Unread postby Twilight » Sun 11 Nov 2007, 22:30:19

$this->bbcode_second_pass_quote('', '"')Now is the time to come over and take advantage."

- Mark Vitner, chief economist for Charlotte, N.C.-based Wachovia Corp.

Bullshit: buy now, face ruin. It's too early, better luck picking up bargains in a few years if there is anything worth having. But I bet they would appreciate a bailout that minimises their losses round about now.
Twilight
Expert
Expert
 
Posts: 3027
Joined: Fri 02 Mar 2007, 04:00:00


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron