Dubai defaults - “The announcement was a shock,” said Beat Siegenthaler, chief emerging-market strategist at TD Securiti (Iraq, deaths)

[Neuling]

By visiting Egypt one probably helps fill the pockets of corrupt politicians like Mubarak rather than those of normal people.

[Randomstudent]

Originally Posted by chielgirl

I never travel in luxury. Usually like normal people, I keep to a budget.
I think the people living in the new resorts are doing a bit better than in the big cities.

I live much better in SouthEast Asia for less tha I paid in Egypt.

I agree with that. Southeast Asia is by far the best place in the world that I have visited in terms of cost and lifestyle. After I have finished my education, I would move there in a hot second if an opportunity presented itself.

[summers73]

Originally Posted by Traderx

No, the I meant buy. Why would I want to short a market that opens down more than 200 points on a holiday?

The markets rallied 100 points off the open. the easy money has already been made. My is done thats for sure.

Just checked.. It took me 3:51 to make my day. LOL!.. If only everyday could be so easy.

On a related story, I bet on black at the Bellagio roulette table with my life savings and I won a fortune!

[burdell]

Originally Posted by Gary Siete

Hopefully an anti-US government won't become their sugar daddy.

Hopefully the US won't become their sugar daddy Let the Saudis bail out their arab brothers, it'll keep some of that money from terror training schools.

[summers73]

Somehow this is Bush's fault, no?

[Indurain]

Originally Posted by burdell

Hopefully the US won't become their sugar daddy Let the Saudis bail out their arab brothers, it'll keep some of that money from terror training schools.

I see geography is your strong point


Dubai is in the United Arab Emirates, not Saudi Arabia, Passpartout

[PureNarcotic]

Originally Posted by Indurain

I see geography is your strong point


Dubai is in the United Arab Emirates, not Saudi Arabia, Passpartout

I'm thinking what burdell was trying to say was that the UAE's "arab brother" Saudi Arabia should bail them out, rather than the United States.

[Indurain]

Originally Posted by PureNarcotic

I'm thinking what burdell was trying to say was that the UAE's "arab brother" Saudi Arabia should bail them out, rather than the United States.

Burdell needs to do a crash course in orienteering.
And a quick recap about the U.A.E. too.

[cruxan]

dubai city for the rich, is going bankrupt.

Stocks Slide on Concerns About Dubai Debt Fallout - ABC News

[subsound]

It astounds me when people say "No One Knew", I don't think that's true. They might have forgotten.

They were building frond shaped islands, city sized malls, massive skyscrapers, and indoor ski slopes all financed through debt. From 2006 they were producing numbers of shows about the engineering marvels in size and complexity. They always included about the cost and the debt leverage they were taking out to do it, expecting gas to keep going sky high. As soon as gas dropped and even a small recession would have done it, it pretty much was just a ticking time bomb with this credit crunch.