Dubai, debt and the curse of the tallest building

interesting words ex-asian now London punter...   however  i myself will not be in a hurry to buy anything until levels off 10-15% present levels

and you are right... Dubai has always suffered from the  "if we build it who the heck's gonna come" syndrome...

2 million people  ...    seriously  who did the construction maths!!?!!!

so check thes three pictures out...    the first is 1990

now the same street in 2003

and finally 2008

wow 1990 picture says it all... at first glance i thought that was like 1940 or something. to grow that big so quickly must have some potential severe side effects that at first may not be obvious.

Abu Dhabi has been very shrewd,  watching the pros/cons,  lending assistance in lieu of favours, selecting the good not the bad for its own infrastructure...

id like to be abu dhabian   theyre awesome

nice hair

where you from daddy

ugandan by birth, hk by experience

I read somewhere Al- jezzera got its start as a 24 hour broadcast chanel after one of the other 24hr licensed chanels accidently broadcast 40 mins of hardcore porn into the middle east during school homework programming

(im serious)!!

where Im from (Uganda) its illegal to talk about pornograhpy.

shame on you koogle5

shame on you.

Us Ugandan's are proud of our culture.

is that why you moved to HK

A-wimoweh, A-wimoweh

A-wimoweh, A-wimoweh

how do you get photo of sister.

tell me now

how you get photo

she gave it to me last night

....... when good threads go bad

she do village proud

must go eat watermelon

cioa

ciao

Africa 2010... the FIFA world cup will shine a global media light on South Africa which is the African continent's leading indicator and driving force of modernisation. Also I fancy the Ivory Coast with the mighty Didier Drogba leading them into battle to make the World Cup quater finals... and possibly the semis! Then.... you just never know what might happen next. All good for the pride and feel-good factor of Arican people. Africa the world's forgotten continent... but not anymore from next year onwards.

Bottom line: Africa GAME ON. The next wave in global village developement.

DUBAI CREDIT-DEFAULT SWAPS RISE 134 BPS TO 675 BPS

in the jungle, the mighty jungle

the lion sleeps tonight.

a weeeeeeeee eeee um wimba wumba wey

hahaha speaking of numbers Ivory Coast at 30/1 is the best value outside bet for the World Cup I think... worth a punt. As well as Drogba... Eboue (Arsenal), Kalou (Chelsea), and the Toure brothers... Yaya world class at Barcelona and his brother Kolo (Man City) will up his game for brother and country. Rest of Ivory Coast players mostly play in Spanish and French league. They have depth. Worth a punt at 30/1

back onto the main topic...    isnt russia now attempting to build the newest "worlds tallest building"   ...   me smells trouble

smells like trouble indeed... another main oil producing country building to the sky on leveraged oil money. works as long as things keep going up... but if they don't...! checkout out russia's micex stock index vs. crude oil... they move almost 1 for 1.

actually looks like they cancelled it

ah perhaps the russians are at last getting a bit more sensible.

note that china/hk have like 5 or 6 of the tallest 10 in the world i think... but NEVER the no.1 tallest. more balanced, diversified.

they probably paid for dubais  just to bring them down

hahaha certainly some chinese money been lent into dubai... no doubt about that

The weekend beckons...      a bientot