Thursday, December 4, 2008

Last one to leave Dubai, turn out the lights...

You had to see this one coming....and oil on its way to $25 a barrel does not help. There was an article a couple of weeks ago in New York Magazine about Dubai and 2o something blondes from Texas who were making a million a year selling God knows what. Once something makes the popular press, it's usually time to short.

Article from Bloomberg on the crash of the Dubai real estate market.

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