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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (72660)	12/22/2007 12:40:01 PM
From: KyrosL	Respond to of 116555

The tale of Alwaleed bin Talal's Citi investment that turned hundreds of millions into multi-billions in a few years is legend. He invested in Citi at the height of the S&L crisis, when the world was coming to an end, just like today. The wealth funds know the tale, are loaded, and are eager to invest. Many are so eager that they are jumping the gun, investing now, way before the peak of the crisis. The irony is that in such a time of crisis there are no political objections about wealth fund investments. No congressmen objected to the Citi or Bear Stearns, or AMD investments. Remember all the objections about the Chinese and Abu Dhabi investments a while back? What a difference a year makes! The wealth funds know that this is their window of opportunity to invest. I think those expecting Armageddon will be disappointed. As will those that think the Fed needs to print its way out of this. It will not have to. There are plenty of trillions in those wealth funds, and they are still growing by leaps and bounds: "Saudi Arabia plans largest sovereign fund in the world" bi-me.com