Gitex Dubai 2009 a shadow of its former glory
In the dot-com go-go years of the early 2000s the Gitex was the computer exhibition to attend in the Middle East. Hoards of buyers descended on Dubai from the surrounding region and jammed the local…
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Comparing financial markets to the 1929 crash
A very sobering presentation from JG Savoldi of BAM Investor on why a 17 month stock market decline is just not long enough, noting that currently there is extreme pessimism about the capitalist system…
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Bailouts create stock market bubbles, Krugman wrong
Horrendous stock market bubbles have been inflated all over the world as a direct consequence of the government interventions since last September. This has been the unwelcome and to some extent unexpected consequence of this…
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Does past UK experience help us with the Dubai property crash?
Are there any lessons we can learn from previous UK housing crashes that are relevant to understanding the Dubai house price crash of the past year?
This website received considerable feedback from a previous article…
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Shorting Dow at 10,000 like the Battle of Rorke's Drift
It was in 1879 in the Anglo-Zulu War that 139 British soldiers managed to successfully defend their garrison at Rorke’s Draft against an assault by more than 5,000 fearsome zulu warriors.
Shorting the Dow at…
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Jim Rogers sees gold at $2,000
Buy gold in Harrods as precious metals go retail
If you wanted a more potent symbol of the rise of gold among retail investors then the news that London department store Harrods is to sell gold coins and bullion over the counter from today…
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$1bn Abu Dhabi islamic bond healthy for capital markets
Islamic finance took another step forward today. HSBC Amanah acted as lead manager for the first sukuk to be issued by an Abu Dhabi government entity, a $1 billion, Sukuk Al Ijara for Abu Dhabi’s…
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Bill Bonner raises a red flag on stocks
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The Daily Reckoning is the largest circulation financial newsletter by a wide margin and people do pay attention when the oracle speaks. He is too much the consummate professional to call a spade a…
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Cash is always king in a financial meltdown
Holders of UAE dirhams have watched the value of their currency whittled away this year alongside the US dollar to which the dirham has a fixed peg. But saving cash on deposit is a very…
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