well, the problem US has is pretty big, but another reason why foreign countries buy debt is the return they yield and economic security like what Turkey is doing atm. Selling debt to stave off the inflation and the economic crises that we're heading towards. By the time Turkey has sold of all US debt, we'll have others buy our debt, like China and Russia, and if we piss them off they'll sell of all the debt and plunge our nation into the dark age.
It's better to own debt than be a nation indebted. I doubt RTE and AKP can fix this.
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QINVEST Asset Management, a subsidiary of Qatari state funds, and RE-PIE founded Real Estate
Investment Fund, they announced in a statement on Aug. 18.
The move came shortly after
Qatar pledged $15 billion in investments to help
Turkey’s
economy.
Qatar’s Emir Tamim bin Hamad al-Thani paid a snap visit to the Turkish capital on Aug. 15 for talks with President Recep Tayyip Erdoğan.
According to the joint statement issued by
Qinvest and RE-PIE, the
fund will invest in commercial properties that have leased agreements with tenants in foreign currency.
Re-pie’s chair Emre Çamlıbel said: “With this
fund we aim to attract more foreign institutional investors to our country and expand our investor base with regular coupon payments.”
Çamlıbel said the recent exchange rate movements made Turkish
real estate market very attractive for investors seeking capital appreciation.
“We believe that we will attract significant amount of foreign investors in the medium to long term,” he added.
QINVEST, asset management company of
Qatar, has been managing over one billion Turkish Liras ($166 million), according to data of
Turkey’s Capital Markets Board.
The
fund will invest in commercial
real estate with long term foreign currency lease contracts, and will distribute the acquired rent to its investors in every three months. Target of the Fund is to distribute at least 7 percent foreign exchange-based rent over the principal amount invested by the investor.
Turkey’s first
real estate portfolio management company, Re-pie has portfolio size of 320 million Turkish Liras and has three active
real estate investment funds.
There are about 2.3 million square meters of
real estate stock in these funds.
Re-pie’s investors are 24 pension funds and 63 individual and institutional investors.
Considering that the $350 billion state
fund of
Qatar, a very serious potential that can be invested into
Turkey, the statement said it is now expected that
Qatar will ease the Turkish capital markets by investing in these days when the market conditions are difficult in their friendly country.
source:
http://www.hurriyetdailynews.com/qi...with-local-company-to-invest-in-turkey-135957
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Isn't the above interesting. Qinvest buying and building, and rent will be in USD/Euro, not TL.
So the money they promised will go to "construction" thus creating temporary jobs, so Erdogan gets respite from the looming crises.