Where are the Sovereign Wealth Funds now that we need them?
These are historic, turbulent and exciting times we are living......., big sand castles are tumbling down,...uncertainty is widespread,...no one seems to know exactly what to do about the financial crisis ....
I keep reading what all the experts have to say about this,...from Martin Wolf to George Soros or Krugman,....they have wildly different opinions about what should be done to avert disaster....Is Paulson a megalomaniac disguised as Mother Teresa, or is Bernanke trying to kill the shadow of the father Greenspan. Is Bush drinking again? Hell, this is so confusing....!
There is one possible solution I am not reading anywhere,....so I must be wrong and it must be quite stupid,...but the more I think about it the more obvious it is to me.....
The stock markets of the world are at their lowest prices in months, so there is a huge opportunity for those with real money to invest, to buy stocks very cheap, and hence providing a floor for the valuation of companies....and we are told that there are huge pools of money in the Sovereign Funds of countries in the Middle East as well as in China. Why are Chinese not running to buy up some of the best companies in the world and fire sale prices??
I don´t understand it....
I´ll keep reading,...surely somewhere, somebody has the answer...
