Quote:
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*** Colleague Joel Bowman of The Rude Awakening lives in Dubai. We wondered whether the place was the bubble we had heard, so we posed the question to him. His reply:
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Link:
http://www.dailyreckoning.com/Issues/2008/DR082708.html
Here is an article about 1/3rd of the way down under "
Don't Think About White Elephants"
Wednesday August 27th, 2008, talking about Dubai. It seemed at the very least, thought-provoking. Especially if you are in the market to purchase real estate.
fyi - I had heard about the "Russian thing" (happening here) about a month back in passing by a somewhat intoxicated real estate developer that was making a big sale locally.