Saturday, August 2, 2008

Weekend Fun - The Iraq Deal and Dubai

Before posting weekly analysis of Nifty and US markets, let me share some fun. First, I put here this link - The Iraq Deal when you read it what comes to your mind? sound economics? first ruin a country charging it with WMD (weapons of mass destruction) and then sell the same country "weapons of not-so-much mass destruction".

The second thing is one paragraph from an e-letter I get. This is by Bill Bonner of The Daily Reckoning. Read the following piece:
Dubai has inflation at 22%. Dubai, by the way, is
a bubble. It has only .02% of the globe’s population. But it is home to
10% of the world’s construction cranes and seems hell-bent to prove to the
world that there are bigger fools than Americans – as if that needed
proving. It now has the world’s only 7-star hotel...and the world’s
tallest building too. In the harbor, it’s building a series of artificial
islands in the shape of a map of the world.

The gods must be watching...and getting ready to teach Dubai a lesson.
What would it take to kick Dubai in the pants? A lower oil price...

I hope it did make u chuckle...

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