[stumbled]

The pound has once again touched 2 dollars, is this the begining of the end for the dollar???
With US stocks trying very hard to stay afloat, is another crash imminent??

With another Interest rate RISE a surity in the UK, are these the parallels to the crash of 1920's and 1980's??

What has all this gotta do with Dubai and its property market??

Well for one your dirham pegged to the dollar is dropping, with that goes ur capital gains made on your initial purchase, interest rates going up, recession in the west means less money for the westerners, meaning less tourism for Dubai, less investment in the field of property......

I must also stress that Europe and America, not to mention Asia are driving the economic dragon and it is roaring and pushing ahead breaking all records. But, these things can change so rapidly and quickly, as we have seen in the 80's and as recently as 2000(dot com).
The property gloom has happened in the US,and is it heading for drop in the UK property market?? who's next???

Or am i just sounding the sirens of the dreaded ''DOOMS DAY'' a lil too early????

comment.