[bsf2009]

I can see why the gods of finance are sending out visions of hope and optimism.

[bsf2009]

The sewage of Dubai has to be shipped out by tanker fleet every morning. I wonder where it goes.

[MadelineZapeezda]

When their is row after row of construction cranes reaching into the sky.....

sheesh!

[ThomasMore]

GREED! plain and simple...Greed is at the root of today's economic woes. Capitalism takes the hit for this, unfortunately, and the greedy SOBs that really cause the huge disparities in the economies of the world get away with murder.

One cannot live this decadently and not be part of the economic problems we face.

[Tolsti2]

Investing in Dubai always seemed like such a stupid move. Depending on those idiots is as good a bet as tiger woods staying faithful.

[onedoug]

[Buckeye McFrog]

Even to us rank amateurs, something about the way they were developing did not pass the smell test (maybe it was the long line of sewage trucks??)

That being said, from what I’ve read about development there it appears that the Emir of Dubai was forced to respect the property rights of his citizens much more than the US Government must after Kelo.

[hosepipe]

Simply amazing.. the scope of it all...
Nick promises the greatest money making opportunities from all this.. in the article.. Could be true.. if you knew how to capitalize on it..

[GOPJ]

Massive construction's the shoeshine boy giving stock tips.

But Dubai was worse - it was NEVER real. It was a city built with all the reality of a Hollywood back lot - all appearance - no reality.

[pgkdan]

That's the best explanation of the looming new debt crisis that about to hit us that I've seen to date.

On a side note I heard a guy call into the Bill Bennett show yesterday who said he was a construction manager for the largest contruction firm in NYC. They book their work out a year in advance and he says that as of right now they have nothing booked. Nothing.