20 September 2007

Dubai, Qatar Buying up Financial Markets

Not really a surprise. Dubai and Qatar are ally nations and the hissy fit that the Liberals threw over the whole port issue should have been moot. Dubai companies have done a damn good job in Britain thus far. That being said, Dubai and Qatar's competition as well as the worries over our ever declining dollar prompted the moves today of Dubai buying just about 20% of NASDAQ and 28% of the London Stock Exchange. Qatar, for it's part is buying about 22% of the London Stock Exchange. With the Chinese threatening the "nuclear" option in regards to our dollar, hopefully these moves are met with optimism. Given the choice, I'd pick Dubai and Qatar over China any day.


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