Judging by the reaction of the Asian markets and US ones, Dubai seems to have no real effects. It seems that another round of bailout money will come in and markets just move on. Is this the new capitalist model. Amass massive debts, inflate prices (especially of real estate) and than just declare insolvency. Well, [...]
Archive for the ‘UAE’ Category
Dubai is already old news …
Posted in crisis, debt, Dubai, UAE, tagged debt, Dubai, model, UAE on November 30, 2009 | Leave a Comment »
Will we learn after Dubai?
Posted in crisis, debt, Dubai, short, UAE, world market, tagged Dubai, maktoum, RBS HSBC, sheikh, short, u.a.e., UAE on November 27, 2009 | Leave a Comment »
It is a little puzzling as to why so many people are astonished of find the Dubai World debt issue a surprise or problematic. Didn’t we have all the clues of that desert dream laid in front of us. Tens of billions of dollars in loans to build projects that can not possibly pay or [...]
