Kuwaiti investors believe in tangibles like gold and property. The mess-up U.S. economy should therefore find moneys from the Middle Eastern Oil states flowing back into the USA again in 2008.
Interestingly, the local Kuwaiti retail market is not doing so well. After the original invasion of Iraq by the USA in 2003, Kuwaiti consumers took President Bush at his word and went out shopping—i.e. Happy Days are here again. (They also invested in property big time both in and out of Kuwait.)
Now, however, in winter of this 2008 shopping in Kuwait has been down for a quarter—probably due to the fact that Kuwaiti’s with property in the USA took big hits in 2007.
http://www.turkishdailynews.com.tr/article.php?enewsid=38927&mailtofriend=1
By the way, foreigners already own half of America’s publicly traded debt and more than 1 and 5 oil producing firms in the USA.
Perhaps the Bin Laden family owns a good sized piece of the American pie, too.
http://www.rense.com/general14/bushsformer.htm
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