Tuesday, November 27, 2007

Foreign ownership continues...

Abu Dhabi Investment Authority (ADIA) invests in Citigroup and becomes one of the finance giant's largest shareholders, ahead of Saudi Arabia. Globalization is increasingly coming under fire in the US, especially as petro-dollars (Dubai Ports World) and Chinese yuan (CNOOC) eye all of the opportunities presented by the deflating dollar and congress is controlled by Democrats. On a recent trip to Europe I was told of all the Irish investing in properties in Cape Cod...but this was just before the subprime debacle...

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