I’d been wondering about this for a few years

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.


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