Alot has changed in the world economy,.,. As they do. Gold prices hit record highs, germany did well, and the various currency are freaking out. Locally the Dubai bond issue was on the news... So was the DEWA 2 bond. So is the Axiom IPO.
So
"back from the brink of a depression", to quote US president Barrack Obama on the world econom at a UN gathering. Thats not to say there isnt any trouble.
If you had me commenting on the US, well, lets just Bernakake (chairman of the federal reserve) has his hands full. And its not much better here.
Food for thought:
- For an economy so soon out of a contraction, is it prudent to have an issuance of long-term debt (bonds) so soon?
- Why bonds, and not traditional loans?
- The last recession in Dubai lasted 5 years (different circumstances, I know)
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