Dubai’s lifestyle makes the average American look like a prudent, energy-conscious, environmentally-friendly health nut! 60% of the average Emirates’ total income is spent on consumer goods - Gucci totes, designer abayas and million-dollar number plates.
August 28th, 2008 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "bubble"
Vietnam: The Next Bubble in the Emerging Markets
The next bubbles are probably coming in oil…commodities, and – many experts believe – in emerging markets. We see the hot air flowing into the oil market, for example. Barron’s reports that $260 billion has gone into indexed commodity strategies – up from only $13 billion at the end of 2003…
June 25th, 2008 | Bill Bonner | 3 comments | Continued
Sicking “The Fuzz” on Terrorism
The United States is an imperial power with one major leading industry: defence. But with no enemies capable of inflicting real damage to the country, the defence industry had to invent one: terrorism…and the people had to believe it.
June 23rd, 2008 | Bill Bonner | 10 comments | Continued
The ASX Bubble, Fueled by China
The price action in the Aussie share market is starting to look like a pinball game. BHP Billiton (ASX: BHP), Rio Tinto (ASX: RIO), Woodside (ASX: WPL)… some of Australia’s biggest resource stocks made 52-week highs yesterday. Both BHP and Rio gave investment presentations in London yesterday, highlighting their various degrees of exposure to China’s urbanisation. The current cycle-or super cycle if you prefer-is still a cycle. But just how long might it last and how high might it take Aussie stocks?
May 15th, 2008 | Dan Denning | 0 comments | Continued