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'The worst is yet to come'
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 14 June 2009
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Results 1 to 5 of 5
Posted on Monday, 22 June 2009
Interesting pragmatic observations
Posted by Nuts at 08:34 UAE time
A very interesting and insightful article. All the pieces falling together in logical manner. The view on creation of adequate employment for the locals and change in their attitude to jobs is very pragmatic, In most of the cases, where wealth is abundant and meaningful outlets are not available for the youth to engage their creative energy results in the generation going down the wrong path and it does take a few generations to get the society back in track. The rulers here have done everything possible to generate adequate employment opportunity for the local population, however, the latter part of the comment, i.e. the willingness to take on challenging jobs and put in the effort to building a career from ground up is lacking. It need not be only jobs, there are funds set up to support new businesses, but given the easy earnings with sponsorship, very small percentage of youth really take the risk of setting out on their own. Surprisingly, those who do take the risk have invariably been successful in a very short time.
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Posted on Friday, 19 June 2009
FRUGAL LIVING
Posted by David Fields at 14:06 UAE time
I do save and I save to save myself and my family not any economy. I believe in protecting my future and childrens future not local or regional economies. I believe in frugal living and have inculcated the same to my teenagers.
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Posted on Thursday, 18 June 2009
Oxymoron
Posted by Sutter Kane at 14:28 UAE time
So people are losing their jobs, because they don't spend enough money to support liquidity. And they don't spend money, because they don't have a job or they're afraid that they'll lose their job.
They save money for the worst, which is yet to come (inevitably) because we can't stop saving money, cus we're afraid of the worst to come. There's no way out of this and it sounds retarded. This crisis is virtual, and the information is man made.
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Posted on Monday, 15 June 2009
I truly agree
Posted by donjuan at 17:23 UAE time
I agree whole heartedly with his predictions.
There are no Green shoots, Guys prepare for the worst.
Things will get really difficult in days to come.
The recovery in US and Europe will be really slow, same is the case with UAE.
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Career stuff, this
Posted by Johan at 11:35 UAE time
Andrew White gets a full medal on this one. He took on an extraordinarily difficult interview subject and made it his own. This old fox knows stuff, and Mr White got it out of him. Enjoy the glow, there are few people to interview on this level left in the world.
The gloom is not new, for students of world economics, but it was given a human touch here.
"It's our kids, and their kids." That makes me want to curl up in a cave.
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