11.12.2008 - SWFs snub US for domestic projects
From Contrarianprofits.com: The withdrawal of SWFs from American markets means that taxpayers must pick up the slack to the tune of $700 billion (or more). It could also mean that the disappearance of this source of capital could further delay any sustained recovery. The Persian Gulf SWFs, in particular, are redirecting their funds to domestic projects, where they see a higher payoff, according to various news sources. Dubai International Capital is turning its attention the Middle East, China and India..... Full Article: Source