Friday, Mar 13, 2009
Norway to move into UK commercial property next year
Telegraph: Norway to use oil billions to buy UK commercial property
In a way, the UK provides a saving facility to the world, a trend which looks to continue. Whether Norwegian, Chinese etc, if your nation wants to defer consumption and save, then use the UK, buy up gilts, guaranteed commercial debts, collapsed commercial property. At the same time, for the UK population to save becomes more and more impossible. On the plus side, this would seem to end with lots of jobs for UK workers as those savings are eventually spent, but of course we won't be able to keep what we produce. As far as gilts go, Norway seems a little reticent on their purchases of government debt....
Posted by stillthinking @ 11:11 AM (451 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. japanese uncle said...
Given the limited scale of 'Norweigian' investment community and the stampede of all foreign investors (except for Norweigians), what serious impact can we expect on the doomed commercial property sector in the UK? Laughable.
Resume IR to at least 5% level, first!