Banking & Finance
Sign Up for free News Alerts
UAE Q3 results and the future, ArabianMoney on City 7 TV
Posted on 14 November 2010 with 2 comments from readers
City 7 presenter Katy Fielder talks to ArabianMoney founder and editor Peter Cooper about the recent third quarter financial results from local companies and takes a look into the future.
Arabian equities should finally bottom out within the next 12 months or may already be there. But the global challenges ahead are formidable and will lead local stocks, even if our editor was already talking about QE3 when he meant QE2. Of course, there may be many QEs…
Posted on 14 November 2010
Categories: Banking & Finance, GCC Economics, GCC Real Estate, GCC Stock Markets, Investment Gurus, Video Channel
2 Comments posted by readers:
who care if Peter called it QE3 or 4, or 5… as Fed will carry on printing until hyperinflation destroys or civil war kicks in. The writing is on the wall by the way G20 ended & Irish/ PIIGS situation, it seems just round the corner.
Tighten your seat belts.
Oil prices are rising because the “dopes” at the fed continue to trash the value of the dollar. Oil demand is not rising, the currency it’s measured in is collapsing. Higher oil prices will not benefit the majority of UAE residents. It will lead to high inflation and high unemployment to those outside the energy sector. This great correction is just starting to find it’s legs and many more years of adjustment and pain lie ahead.