The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities.Against sterling, the US currency notched up its 11th consecutive day of gains – its longest uninterrupted rise in more than 35 years – as markets [...]

According to a recent article in the New York Post, sovereign wealth funds are now looking at foreclosed residential properties. These funds have already gobbled up various iconic commercial real estates, such as the Chrysler Building. How much more of the US can be bought by foreign nations?
“A sovereign fund would have [...]