Article

2008-10-07 Arabia

'Bloody Sunday' sees Gulf markets crumble

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Posted by Fred 2008-10-07 00:00|| || Front Page|| [7 views ] Top

#1 There are financial bubbles all over the place eagerly waiting their turn to be burst. The US subpar housing loan crash didn't cause all these other bubbles. We've seen enormous growth in markets around the world for years. They are now resettling back to earth. Wish I had a little of Buffet's cash. I smell bargains in the air.

Posted by Richard of Oregon 2008-10-07 09:02|| 2008-10-07 09:02|| Front Page Top

#2
Ya know, if $700 bn of US taxpayer money isn't enough, perhaps the super rich Gulf leaders can kick in a couple trillion.

Posted by lotp 2008-10-07 10:02|| 2008-10-07 10:02|| Front Page Top

#3 That's what they get for trading on the Sabbath.

Posted by Nimble Spemble 2008-10-07 10:48|| 2008-10-07 10:48|| Front Page Top

#4 Just read an article in Financial Times about Pakistan squalling that they need an International Bailout to keep them from going bankrupt. They didn't give a number, but you should hold on to your socks when they finally ask for it, it's gonna be a big one.

Posted by bigjim-ky 2008-10-07 11:44|| 2008-10-07 11:44|| Front Page Top

#5 Every cloud...

Posted by g(r)omgoru 2008-10-07 14:06|| 2008-10-07 14:06|| Front Page Top

#6 Remember, revolutions happen when a rising generation with economic expectations are suddenly and dramatically disappointed.

There'll be blood in the streets of the new cities of the Gulf over this. If I were an expat worker in the Emirates right now, I'd be beating feet for home.

Seriously.

Posted by Mitch H.">Mitch H. 2008-10-07 15:36|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2008-10-07 15:36|| Front Page Top

#7 Mitch - I couldn't have said it better. The only people who should remain outside the US are those that are required to by their US GOVERNMENT job. The mobs aren't going to care who you are or where you're from when they start rampaging. Or maybe they will, and being an American will make one an even greater target. I especially expect to see bloodshed in Western Europe and North Africa.

Posted by Old Patriot">Old Patriot 2008-10-07 18:46|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2008-10-07 18:46|| Front Page Top

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