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Chart of The Day: Do Buy Dubai
Presented with little comment aside to remind those momentum junkies about to pile in to this surely-fundamental-driven rally (and best-performing stock market in the world in 2014) that a "blank check" Dubai IPO was recently oversubscribed by 36x.
Of course - we've never seen anything like this before in Do-Buy!!
Chart: Bloomberg, h/t @investir_ch
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It's different this time. I just know it.
That's what AIG said.
....and Enron.
....and worldcom
The Kuwait camel market is back:
http://www.thebubblebubble.com/souk-al-manakh/
These cocksuckers are sure good at containing it into asset inflation instead of real inflation.
Gas is $4.50 here, a beer is $4, and a hamburger at the bar is $11. If that isn't real what is?
Beer $4? thats a bargain in the tristate...it range from 5-10 depending on the location and time of day
More like $7-12.
Burgers are $15-25
Seems their appetite is not for sheep right now. They only slaughter pigs.
Watch palladium and platinum over the next few months as they go live.
Will be a real asset inflation show.
Red Tuesdays are the best Tuesdays!
Ruby Tuesdays.
Gotta admit, that's some kind of market performance. I wonder which favored entities and persons were given the word in January 2013.....
Ben Bernanke.
No one anyone here knows.
I've been to Dubai about 6 times. Every time I go there the hotel is about 10% occupied. There are hardly any lights on in apartment buildings. There are no office buildings in downtown - only hotels and apartments. It's a ghost town. There is a good BBQ restaurant across the street from the beach, though.
Seems like it's just a money laundering place and a secondary escape hatch for the region's rich.
Why don't the damn sheiks invest their stupid oil wealth into something that could really make a difference.
How does the saying go? The camel jockeys can leave the desert, but the sand doesn't leave their brains?
4 generations - Camels, Cars, Jets, Camels.
That was the best one I've heard.
It is for the best. You can't molest a car or jet.
Say what? I'll show you how to molest a car or jet.
Okay. Do you know how to post on youtube?
25-40% vacancy in certain places is more accurate, with real estate shooting up a good 40%. Some places 100% occupied.
It is hard to put your thumb down on a place you can walk into with a suitcase full of cash, no questions asked.
That is why you have this chart. That is why Wall Street would love Dubai.
Could you expect less from these crooks?
Who doesn't love suckers with suitcases full of cash, not knowing where to stuff the cash anymore and looking for anything to buy that they don't have already?
We just need to send all of our snake oil salesmen over there. They'd have a field day and we would get rid of them.
#winning
I've been to Dubai about 6 times. Every time I go there the hotel is about 10% occupied. There are hardly any lights on in apartment buildings. There are no office buildings in downtown - only hotels and apartments. It's a ghost town. There is a good BBQ restaurant across the street from the beach, though.
'My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel'.
- Sheikh Rashid Bin Saeed Al Maktoum
and it's almost Camel time.
Our ponzi is way better than your ponzi...
At the end of the day the sovereign of Dubai owns every grain of sand within the country's borders.
So, discount accordingly.
Ben bin printing al Benanke
As classic as it gets.
A blow off top.
And it only got back to 2008 prices.
do buy Dubai doo
A new legion of suckers has been brought forth...
Bullish. Target is 24,000.
Dubai in fact went Bankrupt back in November 2008 sources now confirm http://forum.prisonplanet.com/index.php?topic=83739.0