Overseas Investors Buy Aggressively in U.S.

Overseas Investors Buy Aggressively in U.S.

www.nytimes.com

Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich., adding 189 automotive jobs to an area accustomed to layoffs. In December, a British company bought a New Jersey maker of cough syrup.

For much of the world, the United States is now on sale at discount prices.

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"Everything is on sale! Everything goes at ridiculous prices!"

It seems that China is not the only country wanting a piece of the pie.

The Middle Eastern Sheikhs have a large portion of our country now, thanks in part due to our huge deficit (thanks to Bushie and his Republican cronies who destroyed a few billion surplus).

Where did all the money go? Oh yeah, foreign pockets and to pay for politicians vacations. I forgot.

The most conspicuous beneficiaries are Wall Street banks like Merrill Lynch, Citigroup and Morgan Stanley, which have sold stakes to government-controlled funds in Asia and the Middle East to compensate for calamitous losses on mortgage markets. Beneath the headlines, a more profound shift is under way: Foreign entities last year captured stakes in American companies in businesses as diverse as real estate, steel-making, energy and baby food.

The influx is the result of a confluence of factors that have made the United States both reliant on the largesse of foreigners and an alluring place for opportunistic investors. With American banks reeling from the housing downturn and loath to lend, businesses are hungry for cash.

Greedy businessman always wanting more...More cash. More investors.

And soon the economy is going to crash.

Make sure to invest in gold; its up to $1000 an ounce.

Last year, foreign investors poured a record $414 billion into securing stakes in American companies, factories and other properties through private deals and purchases of publicly traded stock, according to Thomson Financial, a research firm. That was up 90 percent from the previous year and more than double the average for the last decade. It amounted to more than one-fourth of all announced deals for the year, Thomson said.

www.nytimes.com
(visit the link for the full news article)

With the dollar disintegrating into near non-existency, who can blame them. We are fast heading towards being the future Mexico. I expect the peso to outweigh the dollar soon. lol