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Dervish Finkelblatt · Joined: 13 Nov 2009 Posts: 32 Location: West Hollywood

What's the reaction in the UAE to Dubai's defaulting on billions of $$$ in loans?
It's front page news here in the States...Glen Beck looks like he's going to have a stroke.

veiledsentiments · Joined: 20 Feb 2003 Posts: 17644 Location: USA

From your mouth to gawd's ear...

... as if that yahoo could even find it on a map... no less interpret the economic effects of the situation to the banking world.

VS
(BTW... isn't the Sahara in Africa?)

jdl · Joined: 06 Apr 2005 Posts: 632 Location: cyberspace

Unless what is meant is the arabic for desert...sahra.

The amazing thing is how the mirage of Dubai has been maintained so well over the last 2 years when all indicators predicted this collapse. Well as they say in the middle east, "It is not a problem until it is a problem...and only a real problem when it becomes my problem"

Who is Glenn Beck?

Some news from the Qatar point of view

http://english.aljazeera.net/news/middleeast/

Here is a blog you can follow on the matter

http://blogs.aljazeera.net/business/2009/11/27/dubai-creek-without-paddle

veiledsentiments · Joined: 20 Feb 2003 Posts: 17644 Location: USA

jdl · Joined: 06 Apr 2005 Posts: 632 Location: cyberspace

Let me guess??? FOX? CNN?

Never Ceased To Be Amazed · Posted: Fri Nov 27, 2009 6:40 pm Post subject:

Glen Beck is God!

NCTBA

johnslat · Posted: Fri Nov 27, 2009 7:40 pm Post subject:

Dear NCTBA,

Congratulations, you've done it - produced an irrefutable argument for atheism.

Regards,
John

Never Ceased To Be Amazed · Posted: Fri Nov 27, 2009 7:46 pm Post subject:

Allow me to bo deeply... Opps...I bumped my haid! Laughing

...

...

NCTBA

jdl · Joined: 06 Apr 2005 Posts: 632 Location: cyberspace

Not nearly as funny as George Carlin but comedy does take practice? According to George, God had a sense of humour. Hope for Mr. Beck?

http://www.youtube.com/watch?v=rtCQoIY2lrs

Dervish Finkelblatt · Joined: 13 Nov 2009 Posts: 32 Location: West Hollywood

"Sahara" is Arabic for ...desert.
Judging by the online vesrion of the Khaleej Times...everything's just fine and dandy in the old Emirate itself.

When did Fearless Leader stop paying off the British press?

veiledsentiments · Joined: 20 Feb 2003 Posts: 17644 Location: USA

So... Sahara Desert is a bit repetitious. Laughing

Interesting that I never heard the term in the Gulf... which is decidedly desert. One wonders who named it in Africa...

It seems that the world financial markets have finally stopped hyperventilating about what is actually not a large amount in world financial terms. Am I the only one who thought these real estate islands in the Gulf waters were a dumb idea from the start... and headed just where they seem to have finally arrived? Fantasy island(s) writ large.

VS

johnslat · Posted: Sat Nov 28, 2009 4:52 pm Post subject:

Dear veiledsentiments,

Shelley was prescient:

" I met a traveller from an antique land
Who said: "Two vast and trunkless legs of stone
Stand in the desert. Near them on the sand,
Half sunk, a shattered visage lies, whose frown
And wrinkled lip and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
`My name is Ozymandias, King of Kings:
Look on my works, ye mighty, and despair!'
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare,
The lone and level sands stretch far away".

Regards,
John

helenl · Joined: 04 Jan 2006 Posts: 1202

You weren't alone VS - unfortunately a number of my colleagues have been "caught" in the crisis - after much boasting of their wise investment. I never gave investment advice, but I couldn't figure out how they felt secure in investing in a patent house of cards, in a country where you have little legal recourse and no chance of citizenship (with residency and property ownership revokable without notice or reason).

Too bad, some people have lost a lot of money.

wannago · Joined: 16 Apr 2004 Posts: 85

You people are a bunch of blowhards. Hindsight is always 20/20 and now you're here saying "I told you so!" when you never did because your knowledge of financial markets and investing in general fits neatly inside the little news blurbs you read. If there's anything worse than someone who won't admit they're wrong, it's someone who pretends they were "above all that" when other people get burned. Particularly in this case, when you and your "colleagues" didn't have the money to invest in Dubai. You're not fooling anyone.

Get a life.

Dervish Finkelblatt · Joined: 13 Nov 2009 Posts: 32 Location: West Hollywood

Hindsight?
Who are you kidding, buddy?!
Anyone living in the Emirates with a lick of sense knew this was all a recipe for disaster. I'm just amazed that it took as long as it did to implode and that all the Harvard Business School types and City of London boys fell for it....or, at least, pretended to.
Dubai seems like a city planned and run by bunch of fourteen-year-old boys on cocaine..."OK, so let's build an even taller building right here! Yeah, then put in another Chinese brothel right next to it! Cool! Ok ...how about a glow-in-the dark water slide/Samba club here! Neat! And another Ukrainian brothel just upstairs...Yeah!!!!"
I live in Southern California....home of Disneyland, Hollywood and Las Vegas..and I have never witnessed anything as sordid and vulgar as Dubious Dubai. Where the Minister of Urban Development ..just happens to be the same guy who owns the construction company...Gee, what a happy coincidence!
Get a life ...you say. Kid, I've got a life . I packed up and left that place years ago. I advise you to do the same...you might not even have a choice these days.