By Dr. Deepak Singh...
Any bubble that inflates beyond logic got to burst...it was true in US and now at Dubai... one need not be scientist to understand that.
The same logic extends to our behavioural ego stock that we inventory and keep inflating... it too burst but at the time we never expected it... GOT IT, I HOPE !!!!!!!!
December 10, 2009 3:40 PM
By Pankaj Kumar said...
Dubai World is not a bubble or not a big crisis as it has been propelled by global media,because it is not related with any default, bankruptcy,or any big failure but it is mere effect of Global slowdown. It happens because of inadequate sale of property by the company in this recessionary arena So, they have deffered there debt payment by six month.
Dubai World is the professionaly run company and has the previlage of being a Government supported company so no need to be panic. It is the fear of the toe current of slowdown which forced the panic in the world-economy and sharemarket globally correted. for two consicuitive days and then rebounded sharply to their previous level.
Finally, Dubai : Abu Dhabi gives $10 billion bailout: Abu Dhabi stepped in to help fellow United Arab Emirates member Dubai with a $10 billion injection, of which $4.1 billion was allocated to troubled state-owned conglomerate Dubai World to pay immediate obligations.
http://www.cnbc.com/id/34411229
Pankaj Kumar!!!
AWANISH KUMAR SINGH-ITbytesclub-INMANTEC
Thanx Awaneesh for sharing such informations with us, really good work done hope to learn much more.... Meenakshi
ReplyDeleteDouble-double, toil and trouble. Shakespeare in Macbeth quoted this. Same need not be quoted for world order. Any crisis in economy resembles a bubble, which may be a bigger as recent recession or a smaller one as Dubai slide, but it was a bubble. The not so realistic investments in a place which may geographically not be the best place in world nor does it boasts of climatic friendly environment, does require a re-look. Artificial reclamation of land or cosmetic mis-endeavour always carry the risk of obsolence or non-acceptance.
ReplyDeleteIt is wisely quoted, "You can fool all the people some of the time; some of the people all the time but not all the people all the time".
I hope the message is commercially viable or else a native oil rich state need not be sought for bailout package of $10 billion.
Dr Deepak Singh
Dr Deepak Singh
Discussion is heating up! and I am a believer that Dubai Trouble is not a bubble...
ReplyDeleteBecause finance is measured by data and events...
and data was non payment and delight is state support who led to payment at right time and led to global market rally....
just think and wait for next six month..you will get the answer ...
I have one question what you say about Singapore,and Taiwan,???????
They don't have oil resource and population.....and their geographical identity is similar than Dubai
Bubble is definitely not a financial term... and we all need not be a rocket scientist to admit it. It is a globule of one substance encased in another, usually air in a liquid. Simplified, anything that floats momentarily and bursts, is termed as bubble.... It is derived from language and used in common parlance and is well above debate in financial description of state of affairs....I hope bubble need not float or burst here and let us focus on a state of financial chaos that reptured the front pages across the globe and not page three.
ReplyDeleteSingapore and Taiwan are located in region of Asian Tigers and geographical proximity of global trade routes make them excellent places in their part of globe to be investment friendly...talk about Dubai; only petro-dollars can support the place which is fiefdom of Sheikhs. It surprises to compare Dubai, a glossy twinkle land with roaring economies of South East Asian Tigers. Financial threat was emminent and bail-out packages were sought from all quarters, which did pour in from both government and private sources....Reasons were quite obvious. Rest lies on understanding of people....
Dr Deepak Singh