prudentinvestor

Preview from Europe: Markets Braced for U.S. Non-Farm Payrolls

Interesting video about Dubai. Dubai was an even greater property bubble than any we've had in the US. The speculators from all over the world were flipping condos before they were even built. The sensitivity of the region's economy to price of oil, and to the geopolitical situation in the mideast makes it vulnerable, so it is surprising how many gullible people were sucked in.

The implosion of the Arab gulf economies is not surprising, and will accelerate if oil stays down. This will further damage the global financial system. It has already put Dow Chemical in a squeeze, and I wonder how far Jeff Imelt's ill-conceived plans for GE capital investing $40 billion in Dubai have progressed.

Preview from Europe: Stocks Log Worst January Ever

Mole, thanks for your succinct summary, and particularly for the great Monty Python sketch!

There was another Ponty Python (the "Village Idiot" perhaps?) in which the idiots discuss stock investments intelligently, as the pundits blather stupidly about them. If you can locate it, please consider posting it as appropriate.