Dubai Underway

Men may come,
Men may go,
Economy falls forever.


The recession is heading for another fall.
The Dubai cataclysm is inciting and igniting.
The fall back ,which was a cruel blow to the nations, is again battered by the failure of the Soverign wealth fund.
The Dubai World has stopped the interest payments .
Its postponing the teleconference added woe to the already jolted inance.
The Dubai world had engaged itself in construction which went bust.
The fiasco has shifted the focus.
Companies become bankrupt.-an accepted norm.
Now ,it is the nations which are failing.
Investors owed money by Mexico, Russia and Greece , saw the price of insuring themselves against
default rocket.

Dubai's debt is $80 billion.
The hubub was so fierce because no one is sure as who the creditors are.
Markets world over lost their indices yeasterday.

European banks would have given credit of 36 billion pounds, and much of it is at risk.
400 construction projects worth more tha $300 billion have been shut down or postponed.

The cataclysm is remniscent of Iceland which went round buying everything around the world , when it turned out it had nothing but only fish.
Dubai has played the same game, when it had nothing but plain sand.

The economy of the country is doomed.
The impractical practices has landed Dubai in a catastrophic destination.
What is the great necessity to build skyscrapers in a desert ,which has sand as its priced asset.
The incorrigible impudence of building castles in the air, in this case building high rising apartments , without requirement, has bursted the bubble.
Many nations ,which had gone astray would ape the Dubai plight.

Oops ! goes the United Arab Emirates.