Comments on: Dubai not a canary but another miner needing oxygen http://blogs.reuters.com/great-debate/2009/12/01/dubai-not-a-canary-but-another-miner-needing-oxygen/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Kadaitcha_Man http://blogs.reuters.com/great-debate/2009/12/01/dubai-not-a-canary-but-another-miner-needing-oxygen/#comment-27923 Sun, 06 Dec 2009 00:50:36 +0000 http://blogs.reuters.com/great-debate/?p=5867#comment-27923 James, thank you for your informative opinion. I tend to agree with JMFulton, Jr.’s comment to some extent and perhaps my following brief words shall confirm that fact.

Dubai is nothing more than an unusually large mirage shimmering in the heat of greed and financial
desperadoes. Its Babylonian structure is based upon delusions and it will fade away.

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By: Suzy http://blogs.reuters.com/great-debate/2009/12/01/dubai-not-a-canary-but-another-miner-needing-oxygen/#comment-27771 Tue, 01 Dec 2009 20:32:16 +0000 http://blogs.reuters.com/great-debate/?p=5867#comment-27771 I wouldn’t call it a moral hazard .Real estate in Dubai is a high-end luxury market, which logically suffers under conditions of global economic crisis. And markets in Dubai didn`t go down due to their “addiction to moral hazard” , they collapsed due to lost investments, of firms pulling out their money , because of econ.crisis.

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By: JMFulton, Jr. http://blogs.reuters.com/great-debate/2009/12/01/dubai-not-a-canary-but-another-miner-needing-oxygen/#comment-27770 Tue, 01 Dec 2009 19:05:04 +0000 http://blogs.reuters.com/great-debate/?p=5867#comment-27770 Call Dubai the land of ‘moral hazard,’ call it loose business scruples. I call it Dubai, the land of make believe. Dreams did indeed come true. Now, it’s wake up time.Even today, Sheik Mohammad still lives in a land of make-believe. One where the rest of the world has been mislead by the newsmedia. He and his hareem of silk-suited yes men continue to pretend there is no problem in Fantasyland…all you have to do is make believe some more, out about seven years should do the trick.

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By: f belz http://blogs.reuters.com/great-debate/2009/12/01/dubai-not-a-canary-but-another-miner-needing-oxygen/#comment-27768 Tue, 01 Dec 2009 17:20:45 +0000 http://blogs.reuters.com/great-debate/?p=5867#comment-27768 I don’t think we should pin any tag on Dubai World or tried to figure out what they were thinking. I would suspect they got caught up in their own egos and the creditors got caught up in some quick easy money scheme. I do think that the investors lacked due dilligence in their assessment of the risk and I also believe that the investors missed one basic fact. That fact is that the owners were looking for big profits on resale and they were in dreamland as far as planning was concerned. Just as any home builder knows you don’t start another house until the one you finished is sold. Those construction loans are hell on the pocketbook.

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By: Gary http://blogs.reuters.com/great-debate/2009/12/01/dubai-not-a-canary-but-another-miner-needing-oxygen/#comment-27764 Tue, 01 Dec 2009 16:21:30 +0000 http://blogs.reuters.com/great-debate/?p=5867#comment-27764 Western commentators, especially conservatives, claim Islamic countries have communist or socialist leanings. Islam and communism goes hand in hand they say. But here you have a Dubai official saying “creditors need to take part of the responsibility for their decision to lend to the companies. They think Dubai World is part of the government, which is not correct.” Keep in mind that the U.S. bailout originated from the Bush administration.

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By: scheng1 http://blogs.reuters.com/great-debate/2009/12/01/dubai-not-a-canary-but-another-miner-needing-oxygen/#comment-27761 Tue, 01 Dec 2009 14:54:04 +0000 http://blogs.reuters.com/great-debate/?p=5867#comment-27761 It’s time to rewrite corporate finance textbooks to take away the term “risk free rate” in CAPM formula.There is no such thing as risk free asset anymore. The minute the investor sinks money into an investment, he better prepares to kiss the money goodbye.

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