Much ado about Dubai
Is Dubai’s debts serious? After going through the financial crisis of 2008, Dubai’s debts are “chicken feet”. Worst come to worst, banks just have to write off the loans.
The more probable case is that Abu Dhabi will help pay for Dubai’s “playboy” debts by extracting a pound of flesh. But will Dubai’s ruler make the necessary sacrifice?
The bull market case is still intact, investors or rather i call them speculators are just looking for an excuse to start a correction which is long due.
Entry filed under: Investing.