rightcoastconservative

Once, Dubai World has a motto saying: “The sun never sets on Dubai World”. The state-backed group was the mastermind of world’s famous 7-star hotel, incredible man-made Palm Island, and world’s tallest building – The Burj. By utilizing the oil wealth, Dubai had diversified into property and tourism since 2001. Property prices had gone up several folds – in this desert. Foreign workers are several times more than their own population. It was doing very well until overspending sets fire on its huge debts. With up to $80 billions of debts due end of 2009, Dubai is scratching its heads very hard now. This was all started a year ago when the global economic downturn ended the sizzling hot property boom. Dubai was empty pockets after their oil money was drained by collapsing real estate prices and over-ambitious development plans, which sparked panic selling across the world on fears of, prolong global recession. HSBC and Standard Charted Bank were believes to be the biggest financier to Dub

Recently, I have more time to walk around and seek for others' opinions regarding their view on "whether recession was end?". After fooling around, I'm proud to make a conclusion: " 50% YES , 50% NO " (Real conclusion: NO conclusion at all). Haiz... Then, I'm frustrated and came out with my own conclusion. However, my conclusion depends on the following 5 indicators: An improvement in the Unemployment Rate - 1st Sign – Corporate silence, which means no more job-cut announcement - 2nd Sign – Companies might start hiring again (slowly) More stable home prices - Housing prices had fallen for 2 years now, 20% worldwide - Once prices stabilize, buyers will stop worrying and bargain-hunting activities will pick-up slowly again Consumer confidence rebound - When corporate silence, housing and stock market will turn around - People feel more secure about their jobs and income, and will start to spend/consume again . A less volatile stock market - When corporate