[lbo-talk] If the US$ balloon should burst...

[Michael Perelman]

The Japanese were betting that the Japanese land bubble would infect the
US.  Maybe they were a couple of decades too early.

On Wed, Apr 30, 2003 at 02:26:29PM -0700, Jordan Hayes wrote:
> > Wouldn't it make sense for governments to use some of these
> > funds to buy up physical assets in United States rather than
> > to hold relatively low yielding financial instruments?
> 
> Like how that Japanese company bought Citicorp Center back in the 80s
> for $2B and leased it back for 100 years for a total of about $980M?
> 
> Smoove.
> 
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu