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Bye Bye, Dubai?
The worldwide economic house of cards continues its collapse. The latest victim? Dubai. On February 11, the New York Times carried an article entitled, "Laid-Off Foreigners Flee as Dubai Spirals Down" Click here to read more . Before examining this report, let's look at a bit of background on ...
Goodbye Dubai
smashingtelly.com — Short of opening a Radio Shack in an Amish town, Dubai is the world’s worst business idea,... and there isn’t even any oil. Imagine proposing to build Vegas in a place where sex and drugs and rock and roll are an anathema. This is effectively ... (more) Goodbye Dubai
"Skips" in Dubai
calculatedriskblog.com — With crashing house prices in Dubai, the owners are "driving away" as opposed to walking away ...... From The Times: Driven down by debt, Dubai expats give new meaning to long-stay car park (hat tip James) [F]aced with crippling debts as a result of ... (more) "Skips" in Dubai
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