Bond vigilantes now likely to shift from Greece to the US and UK
Greece kicked its debt can down the road again yesterday. It will of course return as the implementation of austerity measures fail to deliver the economic growth required to pay a mounting interest bill.
But…
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Could silver drop to $25 an ounce and then rebound to $60?
The problem with trying to make market calls about a highly volatile commodity like silver is that you get it right about as many times as you get it wrong.
ArabianMoney can happily point to…
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UAE to extend property residency visas from six months to three years
The UAE government is to extend residency visas granted to foreign property owners in the emirates from six month to three years, although the terms and conditions to be attached have not yet been published.…
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Falling US consumer spending and house prices point to recession
US consumer spending fell by one per cent after adjusting for official inflation, and much more if you include food and fuel which the official measure does not, while an announcement on house prices later…
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The Ivy adds another famous name to Dubai restaurants
London West End’s favorite theatre district restaurant, The Ivy, has opened in Dubai. In London this restaurant is as famous for the celebrities who eat there as the food, although that has a very good…
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Sheikh Ahmed’s arrival may herald a consolidation of the Dubai banks
After a real estate crash it is usual for some kind of banking crisis to follow and then a consolidation of the banks. Emirates International, now merged with the National Bank of Dubai, was formed…
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World on the verge of an economic collapse says Soros
Billionaire hedge fund giant George Soros told a panel discussion in Vienna that the world faced a monetary meltdown focused on Greece and that the crisis was developing in front of our eyes.
‘We are…
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Bahrain and Egypt exodus drives up Dubai villa prices
Dubai villa prices seem to be on the way up with properties now selling at close to asking prices in prime districts and agents texting owners on a daily basis to ask them if they…
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Why Greece is better off defaulting and knows it
Who is it that wants Greece to sort out its debt crisis by voting through austerity measures this week in its parliament? Not the protestors outside certainly. Not really the Greek public who will have…
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Why hedge funds will be even more risky in the next financial crisis
If you read the conclusion of the recently published history of hedge funds, ‘More Money than God’ by Sebastian Mallaby then you are invited to believe that world governments should be promoting hedge funds and…
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