Markets in a ‘new danger zone’ warns World Bank chief as gold soars
If anybody thought last week’s financial market volatility was the end of the downturn then World Bank chief Robert Zoellick has delivered a powerful warning that markets are now in a ‘new danger zone’.
In…
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Hotel Review: Jumeirah Zabeel Saray, an Ottoman palace in Dubai
Just when you thought Dubai hospitality could have no further surprises up its sleeve along comes the Jumeirah Zabeel Saray, an Ottoman palace near the end of the western crescent of the Palm Jumeirah.
Its…
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Oil prices signal another recession
Whenever before the cost of oil as a proportion of global GDP has hit current levels that has been a red alert for an imminent recession or meant that we are already in one. Will…
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Restaurant review: Lalezar at Zabeel Saray on The Palm Jumierah
If you are looking for a restaurant for a special occasion then the Ottoman splendour of the new Jumeirah Zabeel Saray hotel’s Lalezar restaurant is well worth the trek out to the end of the…
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Are we talking ourselves into another recession?
It is quite absurd to think commentators can talk an economy into a recession. It ascribes far too much power to the media. We can only exaggerate a force from nature to a limited degree…
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Isn’t all this volatility what happens before a crash?
Unprecedented swings in global stock markets ended the week with a 31-year low for US consumer confidence and a short selling ban in Europe where the authorities look increasingly desperate.
There was actually a bigger…
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Freezing low interest rates another boost for the Dubai real estate recovery
It is coming up to the third anniversary of the great Dubai real estate crash that brought peak values tumbling by more then half and left tens of thousands of off-plan buyers with a major…
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When will silver catch up with gold’s stunning $100 advance?
The gold price shows every sign of going exponential as predicted by Jim Sinclair (click here). We have surged from $1,700 past $1,800 in a matter of days, so much for the normal low…
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Eurozone debt is the 500lb gorilla not the Fed this time
As financial markets roller-coaster down again to the downside it is important to try to get a global overview. US investors are fixated on the Fed and its statements and actions, while the real 500lb…
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Marc Faber thinks stocks will still sink lower again before QE3
Celebrated contrarian investor Dr Marc Faber told Bloomberg he did not think the stock market correction was over, having correctly predicted yesterday’s dead cat bounce.
The S&P will now move lower to test the July…
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