Entries tagged with “dubai”

Dubai: Shock and Surprise

Posted by Dave Broadwin on December 01, 2009
The big financial news in WSJ over the past few days has been the debt debacle in Dubai. How this situation could be a surprise to anyone is a mystery to me. These guys built an indoor ski slope in the desert. If that is not a sure sign that things are out of control, I don’t know what is.  I wrote on April 13 of this year that a “ski slope number” is one that demonstrates palpably that something is wrong. What I wrote was, “I have it on good authority that in Dubai, they built an indoor ski slope. Imagine building an... More
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