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Old 07-13-2008, 06:40 PM   #41 (permalink)
member12
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Re: First the GM Building, Now New York's Chrysler Building Bought by Abu Dhabi

Who cares?

They are not going to move the building to the middle east. The Chysler building was a tough sell to smarter investors because it is old, in need of renovations, and is not as marketable as other manhattan properties. Who knows? The real estate market could crash in manhattan and all the tenants can move out- but they wouldn't have invested in office space if they thought that would happen.

This is an invstement into America's real estate....(and since it's middle eastern owned, I wonder what that means as far as it being a target of terror?). I don't see why this is such a big deal.


Be more worried about the financial institutions going to the middle east.....be worried if General Motors goes to TaTa. The middle east going to have to re-invest in something since we are likely not be using as much oil in 30 years as what was projected a decade ago....and if the Chinese ever decide they'd like some mineral rights in the Persian Gulf,it's going to be tough to stop them since few others will have interest in the region...esp. America starts drilling it's own oil and is dependent on energy sources other than oil/gas- two very likely possibilities.

As unstable as our economy is now, we can still sell stability (government and economic) to foreign investors.

When we can't get a gun or vehicle (to essential industries for our national defense) made in this country by an American company, then be worried. If Exxon or Marathon gets bought out by the Chinese, then start to worry.

Telecom, air/space, Oil (and other energy industries), automotive, weapons, and textiles are very important if it hits the fan and we end up in WWIII.
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Last edited by member12 : 07-13-2008 at 06:49 PM. Reason: ,
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