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constituent
09-04-2007, 10:04 AM
see, no worries, they won't crash the dollar, just buy everything up out from under our feet.... no problem.

http://www.ft.com/cms/s/0/d1e1c606-5a47-11dc-9bcd-0000779fd2ac.html

ghemminger
09-04-2007, 10:05 AM
You have to register to view can you cut and paste?

constituent
09-04-2007, 10:11 AM
yea i saw it reprinted somewhere and just used their link... letme try and find where it was at.

constituent
09-04-2007, 10:16 AM
Acquisitions by Asian companies of US assets have surged to record levels as the region's emerging industrial companies take advantage of dollar weakness to build global scale, new data have revealed.

The value of announced deals in the US by companies in Asia, excluding Japan, has climbed to $16.1bn in the year to date, smashing the full-year figures of $3.9bn last year and $1.8bn in 2005, according to Dealogic, the data provider.

The figures have rocketed after a series of recently announced deals, including last week's $710m takeover offer by Acer, the Taiwanese personal computer maker, for Gateway of the US.

In June, Flextronics of Singapore announced the $3.6bn acquisition of Solectron, another contract electronics manufacturer. In July, Doosan Infracore of South Korea unveiled a $4.9bn acquisition of the Bobcat industrial machinery business of Ingersoll-Rand – the largest US M&A deal by an Asian company.

The number of sub-$1bn deals has also grown rapidly, pushing the total number of deals this year to 75, compared with 78 for the whole of 2006.

The figures are striking because – as well as excluding deals by Japanese companies, which are re-emerging on the global M&A scene – they also exclude acquisitions by government-related entities such as China's $3bn investment in Blackstone ahead of the US private equity firm's listing.

Investment bankers say the rise in outbound M&A is the culmination of US dollar weakness as well as structural factors.

"These deals are examples of the globalisation occurring in industries such as construction equipment and PCs," says Johan Leven, head of M&A in Asia for Goldman Sachs. "Asian corporations also have strong balance sheets and ample access to finance." Goldman Sachs was the adviser to Ingersoll Rand and Gateway in their respective deals with Doosan and Acer.

more here... (http://www.msnbc.msn.com/id/20576675/)

ghemminger
09-04-2007, 10:34 AM
This is a complex issue that has many plusses and minus - my take US islike a very EXPENSIVE DESIGNER label that has gone to shit in quality....

Everyone is buying it because it's been the "in" thing for so long, but it actually produces most of it's crap in China and spends boatlaods of money on merchandising and advertising.....

Like a hot Blonde, bangin body...all fake and no brains...and the chick drives a tank to work and goes boating on the weekends in Aicraft Carrier

constituent
09-04-2007, 12:35 PM
brand america.

Brian4Liberty
09-04-2007, 10:18 PM
see, no worries, they won't crash the dollar, just buy everything up out from under our feet.... no problem.


Although no one would ever tell you, the housing and real estate bubble was sustained and amplified by foreign purchases of U.S. real estate. The housing bubble was somewhat started with money taken from the dot-bomb bubble, as well as money flowing to the western US from the very wealthy in Hong Kong (after Hong Kong was returned to the Chinese government). This rapid rise fueled further real estate speculation. After that, the East coast was being purchased with funds from Europe, while the West Coast had funds coming in from Asia. Of course this drove "native" flight (driven out by high prices) from the coast towards the heartland, pushing up prices there too.

Let's not forget that housing in the US was becoming CHEAPER for the rest of the world after the dot-com bust, as our government and Federal Reserve Bank printed money and devalued our dollar. The price went up for us, and down for everyone else. Why not buy some cheap American real estate?

Of course the bubble was near the end when lenders were making $800,000 loans to McDonalds cashiers with zero down and interest only payments...

Even common Americans didn't care, as long as the price of THEIR house kept inflating.

And now, as we crash, there are a few bargain hunters that will still invest in US real estate...

In the end, we were trading our real estate for cheap goods from China. That was a brilliant strategy. Short-term thinking at it's best. Sorry folks, we look like fools to the rest of the world. And fools and their land soon part ways...

History may record this as the second time that America was "bought" with cheap trinkets.

"Gee, I can't afford a house, I lost my job, the price of food and energy went through the roof...but at least I got this neat big screen tv, a cool shirt and brightly painted toys for dirt cheap." <sarcasm off>