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kailash

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kailash

Re: heehee1 post# 17669

Wednesday, 08/21/2002 12:18:53 AM

Wednesday, August 21, 2002 12:18:53 AM

Post# of 704019
Saudis pulling out some US investments

This article suggests the Saudis have already started "diversifying" their holdings out of the US, to the tune of 100 - 200 billion dollars.

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=102...

These are sufficiently large amounts to affect both markets and exchange rates.

Kailash

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