This, below/above is THE main unacknowledged, unrecognized, un/underreported, hidden, obscured, COORDINATED "conspiracy" and story; THE open secret, the GCC speculative, economic bubble and bonanza, the purpose and timing of our corollary structural financial collapse, the economic and political centerpiece for our greater Middle East, regional and global privatization project,
Related to the above, in my previous blog entry, below, I linked to the following article, "West's Troubled Markets Attract Middle East."
I was made aware, in order to access the entire article, it seems, the reader is sometimes required to preregister with the Financial Times, from whence it appeared.
Consequently, if you had difficulties and still wish to read it, I will reprint the entire article following its link:
" The Middle East’s wealthiest private investors are seeking to take advantage of collapsing markets in the west by increasing their investments in depressed US and UK real estate markets, private bankers say.
The Middle East’s richest private investors control about $1,700bn (€1,360bn, £1,120bn) of assets, according to research by Capgemini and Merrill Lynch, a figure they forecast will rise to $3,400bn by 2012.
“Our clients are asking us about US distressed real estate, and we have had a lot of interest in the UK commercial property market, particularly in London, where prices have declined very, very quickly,” Philip Watson, head of Citi Private Bank investment analysis, said. “People can sense there are opportunities.”
Citigroup hopes to capitalise on the surge in interest through its newly set up UK commercial property fund – managed by a third party provider – that aims to raise £100m ($150m, €120m) from high-net-worth individuals and invest over the next 18 months, said Mr Watson.
Property has traditionally been a popular asset class among wealthier Middle East investors and most portfolios already have a significant real estate segment. Local prices have soared in recent years, but investors have become increasingly wary of their home markets amid concerns over potential corrections, particularly in the United Arab Emirates.
Despite seeing the value of their international portfolios shrink as the credit crunch deepened, affluent Middle East investors and families still have a lot of money to invest abroad, said Sandy Shaw, global head of Middle East private banking at Coutts & Co .
While her clients are still wary of further drops in the US real estate market, there is growing interest in UK property, said Ms Shaw. UK house prices have fallen 15.5 per cent from a year ago, according to the latest Halifax house price index, taking prices to a three-year low. Sales are at the lowest level since at least 1978, when the measure began, according to the Royal Institution of Chartered Surveyors. In the US, the S&P/Case-Shiller home price index, which measures house prices in 20 cities, fell 16.6 per cent in August from a year earlier.
Ms Shaw says she advises clients to look at the US, as it “has come further along this cycle”.
However, “it’s a wait-and-see game until some stability returns”, said Kamran Butt, head of Middle East research at Credit Suisse."
And, just as a token service, gesture to my blind sighted "fellow" Americans, SOME of the many events NOT featured or reported, here, AT ALL.
News "NOT fit to print:"
"Student Protests Paralyze Rome,"
Elsewhere, in Germany, more of the above,
And, be sure to check out my second blog entry for today, as well, below, about Ramsey Clark...