Remember when Japan, all full of itself back in, when – the 1980s? – started to buy up expensive California and New York real estate??? That was at the very peak of their economic boom and stock market. Neither their economy nor their stocks market has recovered to that level.
Here’s the deja vu part. Again from the WSJ, though we imagine the news has appeared elsewhere as well.
Chinese property conglomerate Dalian Wanda Group will acquire AMC Entertainment Holdings, a U.S. movie theater chain, in a deal worth about $2.6 billion, the two companies said Monday.
The deal “provides AMC with capital to further enhance its customers’ premium movie-going experience,” the statement said.
The deal is still subject to regulatory approval from U.S. and Chinese authorities.
The Japanese are still doing the same thing we are doing – propping up sick banks, keeping interest rates low, punishing savers, increasing govt spending. They are just limping along.
Plus, the G-8 are being urged to do the same thing. When will people learn?