Mir Moiz’s Weblog

Life is meaningful, only when one wishes to make it. We are creatures of time and we’ll wither away in it. The little moments of joy we find and create are all that will live with us.

Dubai – What to expect!

Debt seems to be the number one killer in todays economic space. It’s becoming a necessary evil that no one is certain for when it will bite!

With the US looming into similar shadows, what can be expected of all those dependent economies across the globe. The UAE is vastly dependent on the trajectory of the US economy. It visibly proved its interlinked relationship in the last financial crisis. What can now be expected with Dubai itself being so heavily debt burdened, remains to be seen.

This is what Bloomberg projects:
Dubai Debt Costs to Rise on $7.1 Billion Expo Spend: Arab Credit

In this increasingly uncertain climate one thing that can be taken as certain is that only those economies will show stability or growth that are self sustained. Those who have their debts in control and those that have been prudent not to let trade deficits take place.

In times like these it’s always the basic economic formulas that work.
Do not spend beyond your means and invest wisely.

© MIR

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