Thursday, December 4, 2008

Middle East Real Estate Bubble Goes Pop!

Which should be a surprise to no one, especially our readers.

Gee too much money chasing tacky trophies (sounds like modern art). Oh wait our biggest export has fallen by 2/3 in value and now no one can either afford, nor wants these awful things.

Shocking!

http://bloomberg.com/apps/news?pid=20601109&sid=a2jrSPqYhVzY&refer=home

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