Tony Blair's former room-mate and ex-justice minister Lord Charlie Falconer was in Dubai today, and mounted a strong defense of Gordon Brown's economic record. But even one of the finest brains in the UK legal establishment found this a tough case to argue.
Readers of the new official Warren Buffett biography ‘The Snowball’ will be taken aback by the review of his presentation to the Sun Valley meeting of the US super-rich in 1999. Then he suggested that the Dow might go nowhere for 17 years, following a pattern seen in many...
A top professor explains how a new price pattern in silver markets indicates a major price reversal. Physical silver stocks are near zero while only the paper futures market has been keeping the price low, and that is about to change dramatically.
Backwardation is always the first sign that a huge price rise is about to happen. In the absence of backwardation, there is no rational explanation as to why HSBC, Bank of Nova Scotia(BNS), Goldman Sachs, and others are forcing COMEX to make large deliveries.
The World Bank is predicting the worse recession since the Great Depression of the 1930s, and yet it still reckons oil prices will be back to $75 within three years. Merrill Lynch has $25 in sight for a bottom in the oil price next year but is also optimistic about a recovery.
Luxor is far more accessible from the UAE since the Air Arabia flights started a few years ago, although the timings are at anti-social hours. But Egyptian tourism could still learn a lot from the Dubai model.
Chinese workers are heading back to the rural areas after a crash in factory orders larger than that seen in the Great Depression, while for the US the financial crisis is bad, but more like 1974.
Now No3 in the UK business book best seller charts, 'Opportunity Dubai' tells the story of AME Info as a case study of business success in the UAE. How ironic then that the slow censorship process in the emirates...
created by arabianmoney | 1 year ago | updated 1 year ago 52 views | 2 recommendations | 1 comment
If you have to pick one investment class that will shine in 2009 then choose gold, and probably silver. My prediction is that this will be the year when the Dow Jones to gold ratio goes to one.
That is to say the...
created by arabianmoney | 1 year ago | updated 1 year ago 113 views | 2 recommendations | 1 comment
If the UAE is the last real estate market in the world to enter a correction then is it too optimistic to hope that it might be the first to come out of a downturn? My argument is that the inflationary effects of the multi-trillion dollar bank bailouts are not to be...
It is nice to see my new book ‘Opportunity Dubai’ recommended as Book of the Week by the Daily Telegraph Book Club and to sit at No3 in the business book bestsellers chart. But there is a certain irony in this title, which I might as well address before some mean reviewer...
created by arabianmoney | 1 year ago | updated 1 year ago 35 views | 0 recommendations | 0 comments
Dubai has many projects as work-in-progress and that represents a substantial backlog to keep the city’s wheels rolling through the recession of 2009. In the meantime, the city’s famously proactive policy makers may surprise with new initiatives. However, consolidation...
Veteran contrarian commentator Dr. Marc Faber maintains that physical gold should be held outside the United States and is also now recommending junior gold exploration stocks. This is one of the best short commentaries on the state of US capital markets I have seen in ages....
Every now and again somebody writes to me and asks: why are your favorite precious metal juniors? And I do also include silver juniors because my logic suggest they could deliver the best bull market performance of the lot: silver prices being leveraged to gold and the junior...