Friday, March 13, 2009

Norway to move into UK commercial property next year

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 (778 views)
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One thought on “Norway to move into UK commercial property next year

  • japanese uncle says:

    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!

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