Dubai debt plea sends fear around world

[DisturbedPervert]

I wouldn't mind a 4 hour stop over in Dubai someday to go to the top of the Burj Dubai.

Dubai will be fine though, it's primarily meant for Arabs and Muslims anyway.  The demographics of that place are crazy though, 85% of the population are foreigners.

[Richard Hakluyt]

The vulgarity of Dubai has provided an immense service to anyone with a modicum of taste though, it enables them to feel superior and one isn't even obliged to visit it 


I think we should despatch Brian Sewell to make a documentary about the place and it's architecture 

er......assuming his health is up to it, would not like him to die of apoplexy.

[Martinus]

Can ya link to the Guardian piece?

http://www.guardian.co.uk/commentisfree/2009/mar/20/dubai-decline-middle-east

I hardly consider it celebratory. It states what I did - it was a massive monument to human folly and hubris, and now it collapses, like anyone with more than two brain cells that were not addled by greed could predict. This is of course not good news since its downfall will send ripples across the world's economy and like usual, affect the lives of those as well who did not conceive or benefit from its folly.

Would you rather have people stay blind and keep to their wishful thinking while the world around them predictably collapses?

[Admiral Yi]

It would be interesting to know who's sitting on that 60 billion of debt.

[Jaron]

Can ya link to the Guardian piece?

http://www.guardian.co.uk/commentisfree/2009/mar/20/dubai-decline-middle-east

like anyone with more than two brain cells that were not addled by greed could predict.

That kinda excludes you, doesn't it?

[The Minsky Moment]

Obviously they overbuilt, and in that respect, they are pretty much like just about everywhere else in the West.

The basic port facilities and operations are still sound, and a quick glance at the map suggests that competitive advantage is likely to endure.

[Ed Anger]

It would be interesting to know who's sitting on that 60 billion of debt.

I'd assume chinamen.

[Grey Fox]

It would be interesting to know who's sitting on that 60 billion of debt.

I'd assume chinamen.

I'm not that sure. The Chinamen gives the US money because the US buys a lot of shit produce in China. The same can (probably) not be said for Dubai.

[Jaron]

It would be interesting to know who's sitting on that 60 billion of debt.

I'd assume chinamen.

I'm not that sure. The Chinamen gives the US money because the US buys a lot of shit produce in China. The same can (probably) not be said for Dhubai.

China has a vested interest in the Middle East. Where else would they find a market for their second rate missiles?

[Grey Fox]

Fair point.

Does the UAE buy a lot of missiles tho? or give money to those that do?

[Ed Anger]

UAE buys American or Western European I'd bet. If you've got the oil cash, why buy shitty east bloc equipment?

[Eddie Teach]

Cause you get more of it, perhaps.

[Jaron]

we should lock a bunch of Euros up in a room, in Guantanamo perhaps, and make them listen to American patriotic songs. I bet you by hour 4 they melt or disappear into spheres of radiant light.

[Admiral Yi]

Cause you get more of it, perhaps.

Which is a real factor when your whole army is lik 60 guys.

[DisturbedPervert]

I'm not that sure. The Chinamen gives the US money because the US buys a lot of shit produce in China. The same can (probably) not be said for Dubai.

China is the largest importer in the UAE