EIU says GCC economy to double but could it treble in the next decade?
A report from the Economist Intelligence Unit forecasts that the GCC economy will more than double to $2.3 trillion over the next decade because ‘the oil price will hold up pretty strongly going forward’.
But…
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Astrologer Arch Crawford targets mid-November for crash
Followers of financial astrology were first dazzled by arch Crawford in early August when his awesomely gloomy prediction coincided with a massive solar flare and the worst August for stocks in a decade (see…
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Four ways QEII benefits the UAE but why it is still dangerous
Next week Fed chairman Ben Bernanke is set to announce QEII, the second round of quantitative easing by the US central bank. That means money printing or more literally raising the quantity of money in…
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Interest rate rises are the biggest threat to UK house prices
A lot of housing analysts have focused on austerity and rising unemployment as the major risks to the UK housing market. But there is a more obvious risk that few are considering, namely that efforts…
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Emaar Q3 profits down as diversification backfires and costs rise
The Dubai based developer of the world’s tallest building, Emaar Properties has posted lower than expected profits for the third quarter reflecting a tougher business environment across its diversified portfolio and the mounting inventory of…
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Rich Dad was buying gold, silver and oil but now?
Rich Dad book author Robert Kiyosaki was having a good day when he made this video six months ago, all his key investment tips have come right: gold, silver and oil.
But with gold up…
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How much austerity before much higher oil prices?
It was interesting catching up with the new business travel exhibition and conference in Dubai yesterday. The turnout from local travel agents, airlines and hotels was pretty impressive but the mood of the exhibitors was…
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US housing foreclosure litigation to last for many years
Most mortgage backed securities are now uncertain of their legal right to title and the litigation surrounding foreclosures will last for many years, says Christopher Whalen of Institutional Risk Analytics in this video.
Rather like…
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QEII is a formula for lower and not higher equity prices
The US has just sold the first treasury bonds with a negative yield. These are inflation protected bonds, and that explains why they sell despite actually charging bond holders interest. For the buyers think inflation…
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Dubai property prices continue downwards as oversupply grows
In September apartment and villa prices in Dubai fell by 2.3 per cent, according to the authoratative Reidin.com report, while the oversupply of units can only grow bigger as Nakheel has just announced it is…
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