[Closed] Are the wheels about to fall off again?

I did not know the wheels had even been refitted to begin with.........
Seriously though - more than one press 'commentator' suggested the recession would be 'W' shaped, so this could be the start of the 2nd dip?
Surley though they'll bail themselves out - they've lost that much face already across the world I'd suggest they have to sort it out or they'll lose the lot - still, that could mean us bottom feeders might me able to afford a pad on a palm shaped island..... 😉

There are a lot of inter-related concerns that individually may not cause a second dip, but combined could well do.
House prices for example - once prices start to pick up, the pent-up supply (people who've been holding off selling because they believe their houses are worth more than they would have got) will probably flood the market, causing prices to take a while to firm up. And confidence in the banking sector is still pretty low...

I think that one will be a blip rather than another major crash.

Worries over Dubai's debt problems drove down Europe's share markets for the second day running.

OMG THIS IS ALL GORDON BROWNS FAULT!!!!

I thought it was Fatcha's?

I read an article a few months back which suggested that Dubai airport's car park was full of cars abandoned by ex-pats as they bailed on their 'gold rush', abandoning debts and contracts.

Its only 80bn, not a lot in the scheme of things. I think its just a knee jerk reaction from a load of jumpy traders already sitting on decent profits from the last few months.

[url= http://business.timesonline.co.uk/tol/business/markets/the_gulf/article5663618.ece ]car park article[/url]

The first problem was that many developers were reliant on bank credit rather than oil revenue, as is often thought

http://www.building.co.uk/story.asp?storycode=3137035

he he he, thats cheeered me right up.

dubai being in debt is old news? why is it being dredged up again now?

The worst is yet to come.

The worst is yet to come.

On this thread or the financial world? 😆

Dubai always was a case of The Emperor's New Clothes. No sustainable reason for its existance, just a speculative bubble in a desert.

Under Sharia, which prevails in Dubai, the punishment for defaulting on a debt is severe. Bouncing a check, for example, is punishable with jail

People don't now how lucky we are here, some people moan about a small fine....

[url= http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6480289/It-is-Japan-we-should-be-worrying-about-not-America.html ]Japan is ****ed too apparently[/url]