The Dubai Bubble

If I’ve ever seen a predictor of where overspending will lead, it’s in Dubai.  The UAE, basking in the wealth they gained from oil sales, spent and spent and spend, even going so far as to build a tower to the heavens (the Burj Dubai) and a man-made island.

This is the danger that America faces: we cannot afford the arrogance to think that we can spend as much as we want with no consequences.

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Categories: Dubai, economy

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