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In an interview with Time, Prince Alwaleed bin Talal expressed that his hunger for US investments has abated. The focus of the interview was on financial investments but the implications were clear. The Prince’s investment portfolio is hurting, the drop in oil prices is not helping, and there are better opportunities at home in Saudi Arabia.

As you know, the Prince has been an active investor in hotel assets and companies. While not affiliated with Dubai World and other sovereign wealth funds, their fortunes are tied together to a large extent. For US investors hoping for a buyout, strategic investment, capital infusion, etc. of MGM, the hotel companies, or any other gaming/lodging company, this should be required reading.

With the dollar rising, the US is no longer “on sale”. No doubt the bad taste of their US investments is lingering in the mouths of the Sovereigns. Remember: in Feb Dubai World purchased 6.5m shares of MGM at $80 per share (the stock is now $30).

What does this equation add to: Bad investments + lower oil prices + stronger dollar. I’m pretty sure what it doesn’t equate to.