How likely is it that the eurozone will solve its debt problems in three weeks?
Stock markets are rising again. This time on what would appear to be the most unlikely event in the universe. Namely that the eurozone will somehow solve its utterly intractable and highly complicated debt problems…
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Marc Faber bullish on the US dollar
Fifth wisest investor in the world according to a Bloomberg poll, Dr Marc Faber is bullish about the outlook for the US dollar but sees a continuation of immense volatility in financial markets.
He notes…
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Dubai investors turn to gold and silver bullion and away from jewelry
Jewelry shops in Dubai are stocking up again on gold and silver bars and coins after a 30-40 per cent year on surge in sales, with the traditional dowry of gold jewelry now making way…
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Why a great inflation still seems more likely than a big deflationary slump
The sort of financial and more specifically banking crisis that is enveloping the world is extreme and so we should logically expect an extreme outcome. Stability is the least likely outcome from such instability.
That…
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China is the next place to watch for a financial crisis after the eurozone
Jim Chanos, the hedge fund billionaire who bet against US subprime loans has been warning on China for a couple of years now but he will likely be proven right in the end.
Over the…
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Restaurant opening: Royal China in the DIFC sets a new standard
When one hedge fund manager moved from Hong Kong to Dubai he found the Chinese restaurants of the city ‘quite disgusting’ so he decided to open one himself in the Dubai International Financial Centre.
Last…
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Eurozone crisis will be the next big step up for gold and silver prices
Far from being put-off by the recent falls in gold and silver prices, ArabianMoney editor and publisher Peter Cooper is unrepentently bullish in this video produced by MyCityMyDubai.com with an interview by Sandra Mergulhão.
He thinks…
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Will the Dubai Financial Market stay permanently depressed as Dubai Bank vanishes?
It’s not been a good few weeks or months for the Dubai Financial Market. Stocks have been testing seven-year lows again. Only today the leading retail bank Emirates NBD was forced to takeover the failed…
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European banking crisis starts to erupt as leaders delay their meeting
Last week the Franco-Belgian bank Dexia became the first bank to fail as the European banking crisis turns deadly serious. Increasingly depositors are worried, with unconfirmed but undenied reports that Siemens just pulled 500 million…
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Why we should not forget Lehman in evaluating the likely course of the Greek default
The parallels between what happened in the US with the bankruptcy of Lehman Brothers a little over three years ago and the coming default by Greece should not be ignored. Indeed, this may be the…
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