That’s what the top of a market looks like: Fireworks and champagne and a gaggle of silicone breasts.
So if you ever see something like that again, you know what to do: Run.
Or better yet, start shorting.
Sunday, January 9, 2011
Department of You-Shoulda-Seen-It-Coming: Dubai’s Property Still In Free Fall
Dubai’s property market fell another 5.1% in the last quarter—Bloomberg is reporting that Clutton’s, a London-based real-estate broker, put out the number, along with a whole host of other depressing tid-bits about the disastrous Dubai property market, which has been in complete and utter free-fall since the fall of 2008—
—remember the big celebration in the Atlantis Palm, back in November ‘08? Not to say mega celebration? The fireworks, the Euro-trash guests, the pop-star entertainers, the gaudy over-the-top-ishness of the whole tawdry bash?
That’s what the top of a market looks like: Fireworks and champagne and a gaggle of silicone breasts.
So if you ever see something like that again, you know what to do: Run.
Or better yet, start shorting.
That’s what the top of a market looks like: Fireworks and champagne and a gaggle of silicone breasts.
So if you ever see something like that again, you know what to do: Run.
Or better yet, start shorting.
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Krugman like treasonous Greenspan are cowards who lack a moral compass. There is no difference between them and Manson or the Son of Sam, they lack an inner voice that guides most of us as to what is right and wrong.
ReplyDeleteThe rape and pillage of Ireland is meaningles to them. Stealing (e.g., Fed digitally printing, bailing out the elite (TBTF)) or leading us to war does not trigger any sense of remorse. That is why they can lie to easily. They are sinners to the core!
Loved reading this thank youu
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