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3-month Libor at record lows
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@p, @t @im
You know I'm right.
Go back 350 years and everyone knows the Dutch are the great traders. Not so long prior to that it's the Portuguese, then the rest of lingua franca before that.
wanna buy some cloggs?Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
There used to be/is a really excellent Indian Restaurant in Billericay !!!
Kosthuree ?Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Well I guess the question remains unanswered.
Why should London remain as a (the?) pre-eminent financial centre?0 -
It won't !!'In nature, there are neither rewards nor punishments - there are Consequences.'0
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Thrugelmir wrote: »Recent history.... The Kuwait Investment Authority was set up in 1953.
A report by Morgan Stanley in 2007. Put soverign wealth investment funds under management at US$2.6 trillion. Which was almost equivalent to worldwide government pension funds and cental bank reserves. MS also forecast that by 2022 it could reach US$27 trillion or 9% of total global financial assets.
I'm sure you don't mean that the KIA has assets worth $2.6 trillion ?
If so, that is certainly wrong by a factor of 10US housing: it's not a bubble
Moneyweek, December 20050 -
kennyboy66 wrote: »I'm sure you don't mean that the KIA has assets worth $2.6 trillion ?
If so, that is certainly wrong by a factor of 10
http://en.wikipedia.org/wiki/Kuwait_Investment_AuthorityPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
kennyboy66 wrote: »I'm sure you don't mean that the KIA has assets worth $2.6 trillion ?
If so, that is certainly wrong by a factor of 10
According to the MD of the KIA:
http://www.kia.gov.kw/En/About_KIA/Overview_of_KIA/Documents/FINA_SPCH_LUXEMBORG_APR_9_092.pdf
the total value of SWFs are estimated at $1,500,000,000,000 - $3,500,000,000,000.
He goes on to say that the higher value would be less than 5% of total US dollar assets.
I believe the KIA was valued last in 2005 (for public consumption) and that the value came out at around $200,000,000,000. The KIA adds 10% of Kuwait's oil revenues to the KIA's coffers.0
:D This discussion has been closed.
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