Dubai is on a spending spree, and financial analysts are starting to wonder about the amount of debt the city-state is racking up. Its oil production is dwindling, and its debt load is four times the average among other Persian Gulf states. Credit-rating companies are asking for more information to determine how sound the government really is…"The transparency isn’t good."
Here is the article and related links. If I had to "sell short" one country or city-state in the world today, it would be Dubai.















The article mentions the (much worse) US debt/GDP only in passing.
“sell-short” there too? Why the ultra-qualified “average among other Persian Gulf states. “
Building the tallest building in the world (or trying to) is about the strongest short-selling signal for a country that you can get.
I visited there this autumn, and said to myself `is this real?’ The city
has just shopaholics and malls. I felt not easy there for a moment.
Thayne:
They are building a subway/light rail system, with speed that is stunning by Western standards. Google “Dubai metro”.
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