For the financial experts (and the rest of you too): Dubai defaults on debt (sort of)
Nov 27th 2009, 2:49 pm
#31
Excess Baggage
Joined: Jul 2006
Location: UK
Posts: 5,479
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
If you look back through my posts i've been predicting this since 2004
Edit. I find it rather ironic, and fitting, that when every major financial news network has 5 articles about the dubai debt issue the 2 main (and censored) UAE newspapers (GN and Khaleej) are more interested in photos of the ruling families offering eid prayers than the fact that Dubai just imploded.
Edit. I find it rather ironic, and fitting, that when every major financial news network has 5 articles about the dubai debt issue the 2 main (and censored) UAE newspapers (GN and Khaleej) are more interested in photos of the ruling families offering eid prayers than the fact that Dubai just imploded.
Nov 27th 2009, 5:37 pm
#32
Forum Regular
Joined: Oct 2009
Location: Marina
Posts: 62
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
I would also just point out that AD has Billions invested in Dubai - the people of AD are not going to be happy to see their life savings disappear down the swanee if the Federal Government refuses to help.
Nov 27th 2009, 7:03 pm
#33
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
If you look back through my posts i've been predicting this since 2004
Edit. I find it rather ironic, and fitting, that when every major financial news network has 5 articles about the dubai debt issue the 2 main (and censored) UAE newspapers (GN and Khaleej) are more interested in photos of the ruling families offering eid prayers than the fact that Dubai just imploded.
Edit. I find it rather ironic, and fitting, that when every major financial news network has 5 articles about the dubai debt issue the 2 main (and censored) UAE newspapers (GN and Khaleej) are more interested in photos of the ruling families offering eid prayers than the fact that Dubai just imploded.
Nov 27th 2009, 8:21 pm
#34
MODERATOR
Joined: Dec 2004
Location: Dubai
Posts: 6,373
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Stocks are down?
Fantastic...time to buy lots on the cheap again like 12 months ago. Go for stock in sustainable basics and necessities and sit back and wait till it goes up again...medium to long term.
That's why people like Warren Buffett are Billionaires and all the day and short term traders and jumping off buildings
N.
Fantastic...time to buy lots on the cheap again like 12 months ago. Go for stock in sustainable basics and necessities and sit back and wait till it goes up again...medium to long term.
That's why people like Warren Buffett are Billionaires and all the day and short term traders and jumping off buildings
N.
Nov 27th 2009, 9:23 pm
#35
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
they dont need to - it doesn't matter to them if Nakheel default (most of their debt is held by European banks) and as Nakheel is the majority of the countries debt then waiting for them to collapse and then stepping in and buying out the remaining debt is quite a smart financial move.
I would also just point out that AD has Billions invested in Dubai - the people of AD are not going to be happy to see their life savings disappear down the swanee if the Federal Government refuses to help.
I would also just point out that AD has Billions invested in Dubai - the people of AD are not going to be happy to see their life savings disappear down the swanee if the Federal Government refuses to help.
Nov 28th 2009, 9:27 am
#38
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
I just don't see AD allowing Dubai to fully fail financially. The knock-on effect would be too great. Perhaps the Al Nayans are waiting to take over & run Dubai as a complete entity? Perhaps?
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Nov 28th 2009, 9:31 am
#39
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Nov 28th 2009, 9:34 am
#40
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
I really hope they don't allow Dubai to fail - http://economictimes.indiatimes.com/...ow/5279242.cms
That makes sense. We have all been talking about AD allegedly buying up bits of Dubai cheaply and it seems logical that they would continue to do so. That makes good long-term financial sense for them and they keep their 'good' reputation. My guess is that AD will do just enough to keep Dubai afloat.
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Nov 28th 2009, 10:35 am
#41
Concierge
Joined: Feb 2007
Posts: 29,625
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
AD have said they will review each project individually, they will bail out anything related to the infrastructure of the UAE but none of his 'visions'. (that's my opinion)
Nov 28th 2009, 1:41 pm
#42
Lost in BE Cyberspace
Joined: Jan 2007
Location: By the old canal...
Posts: 7,715
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
http://www.independent.co.uk/news/wo...o-1829865.html
Sub-text - yes, it's bad but it isn't an apocalypse.... Might be a good thing to lose a few trailer-trash expats, even....
Nov 28th 2009, 6:04 pm
#43
Lost in BE Cyberspace
Joined: Aug 2007
Posts: 7,646
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
Meow what do you see as the knock on effect if AD walked away?
Nov 28th 2009, 6:24 pm
#44
Is not impressed...
Joined: Aug 2008
Location: Dubai
Posts: 258
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
The blurb on Sky made it sound like AD was going to bulldoze Ibn Battuta tomorrow.
Nov 28th 2009, 6:35 pm
#45
BE Forum Addict
Joined: Jun 2008
Posts: 2,094
Re: For the financial experts (and the rest of you too): Dubai defaults on debt (sort
That makes sense. We have all been talking about AD allegedly buying up bits of Dubai cheaply and it seems logical that they would continue to do so. That makes good long-term financial sense for them and they keep their 'good' reputation. My guess is that AD will do just enough to keep Dubai afloat.
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*according to him