I think they are very aware of how the system works and how some manipulate the market and how the market reacts to different situations. Especially someone who has been there for something like 27 years. If you rather listen to the official thesis, it's up to you.callmeslick wrote:I couldn't agree less. Market analysts are shills, who make guesses based on what happened, usually too late.
Was it not to have a deep impact in the US, it wouldn't have conveniently happened just prior to the thanksgiving weekend. The coincidence is just too good to be true. Same with the "computer crash" at the london stock exchange. Besides for the next crisis, it won't take such a big trigger.I think you answered the question about lack of effect upon the US markets. I'll admit, I thought the US would see a 2-3% hit from that one, but clearly European investors are tied far more closely to the Dubai construction bubble.
No disagreement. But that's how capitalism works: find a pigeon.Anyone who bought into that building craze, IMHO, is a fool. Who the fuck really thought that Dubai was going to a major commercial hub, when the target populations they were aiming for live in Europe, Asia and North America? Sure, they could draw a bit of action, but the Middle East doesn't have that much worth dealing in beyond petroleum, and that is a slowly dwindling item. It was another sucker play, a speculative bubble that will keep the Dubai royal family wealthy, part some fools with their money, and all will proceed apace.
Nic