USA/Europe Debt Crisis | ExpatWoman.com
 

USA/Europe Debt Crisis

1238
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EW OLDHAND
Latest post on 08 August 2011 - 19:59
SLM, it would be interesting to meet up once you are here - I should add that I'm more journalist in name than actually working at the moment - I've got four kids six and below, so it's a handful ... but I keep intending to start working in earnest at some point! Send me an email when you get here - [email protected]
314
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EW EXPLORER
Latest post on 07 August 2011 - 23:26
Wow, I am a mom of three...would love to meet you when I move to Dubai in Aug...just to discuss events....USAID, nice. I have a MA in International Affairs...worked in refugee resettlement in the USA I stay at home now- they were all born in 3.5 years! maybe i will be able to find a interesting job in Dubai at some point after relocation.....
314
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EW EXPLORER
Latest post on 07 August 2011 - 22:26
The trouble with unpegging is that it would lead to volatility in the dinar and could cause more problems in the short term with businesses going bankrupt, etc. than it would solve. Plus, oil is denominated in the dollar, so from Abu Dhabi's perspective, its better to stay with the dollar. I am a fan of a managed peg in general, but for now, I think the UAE should leave well enough alone. Guiness, what do you do for a living? very interesting post? are you in econ? I am a international affairs follower-- (MA is in it.....) you seem quite well informed....nice posts.........:) Wow, I am a mom of three...would love to meet you when I move to Dubai in Aug...just to discuss events....USAID, nice. I have a MA in International Affairs...worked in refugee resettlement in the USA I stay at home now- they were all born in 3.5 years! maybe i will be able to find a interesting job in Dubai at some point after relocation..... I have an MA in international economics - and I should say, I meant the dirham, of course! I used to do international development/USAID and now I'm a journalist and mom of four. What do you do?
1238
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EW OLDHAND
Latest post on 07 August 2011 - 09:17
The trouble with unpegging is that it would lead to volatility in the dinar and could cause more problems in the short term with businesses going bankrupt, etc. than it would solve. Plus, oil is denominated in the dollar, so from Abu Dhabi's perspective, its better to stay with the dollar. I am a fan of a managed peg in general, but for now, I think the UAE should leave well enough alone. Guiness, what do you do for a living? very interesting post? are you in econ? I am a international affairs follower-- (MA is in it.....) you seem quite well informed....nice posts.........:) I have an MA in international economics - and I should say, I meant the dirham, of course! I used to do international development/USAID and now I'm a journalist and mom of four. What do you do?
314
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EW EXPLORER
Latest post on 07 August 2011 - 05:55
The trouble with unpegging is that it would lead to volatility in the dinar and could cause more problems in the short term with businesses going bankrupt, etc. than it would solve. Plus, oil is denominated in the dollar, so from Abu Dhabi's perspective, its better to stay with the dollar. I am a fan of a managed peg in general, but for now, I think the UAE should leave well enough alone. Guiness, what do you do for a living? very interesting post? are you in econ? I am a international affairs follower-- (MA is in it.....) you seem quite well informed....nice posts.........:)
1238
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EW OLDHAND
Latest post on 06 August 2011 - 18:26
I personally think there is a huge panic worldwide, and although I'm sure we'll be affected to some degree I don't think its going to be too bad here, after the GFC hit and the UAE lost lots of business/funding etc they've picked themselves up quite nicely, and after all they depend on a lot of trade and money from across asia such as India, Pakistan, even China and Malaysia which all seem to be doing OK. I agree, the trade and money from India, Pakistan and the Asian countries - not to mention Russia, will insulate the UAE somewhat. As well, tourism seems to be booming here again, so that is a positive.
1100
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EW OLDHAND
Latest post on 06 August 2011 - 18:20
I personally think there is a huge panic worldwide, and although I'm sure we'll be affected to some degree I don't think its going to be too bad here, after the GFC hit and the UAE lost lots of business/funding etc they've picked themselves up quite nicely, and after all they depend on a lot of trade and money from across asia such as India, Pakistan, even China and Malaysia which all seem to be doing OK.
1100
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EW OLDHAND
Latest post on 06 August 2011 - 18:16
Interesting question, and I don't know if there is a definitive answer. The dollar's weakness and the Keynesian response to the economic crisis will definitely cause inflation - and that inflation will come here since we are linked to the dollar. We are already seeing that, as I'm sure you've noticed at Spinneys! Well P&S cooked chickens have gone up by 20% since the beginning of July!! [b'>But all food prices rise during ramadan, thats the norm here. [/b'> <em>edited by AdviceSeeker on 06/08/2011</em>
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EW NEWBIE
Latest post on 06 August 2011 - 18:14
Interesting question, and I don't know if there is a definitive answer. The dollar's weakness and the Keynesian response to the economic crisis will definitely cause inflation - and that inflation will come here since we are linked to the dollar. We are already seeing that, as I'm sure you've noticed at Spinneys! Well P&S cooked chickens have gone up by 20% since the beginning of July!!
1238
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EW OLDHAND
Latest post on 06 August 2011 - 18:13
The trouble with unpegging is that it would lead to volatility in the dinar and could cause more problems in the short term with businesses going bankrupt, etc. than it would solve. Plus, oil is denominated in the dollar, so from Abu Dhabi's perspective, its better to stay with the dollar. I am a fan of a managed peg in general, but for now, I think the UAE should leave well enough alone.
1953
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EW EXPERT
Latest post on 06 August 2011 - 18:06
So what would happen if the ME unpegged from the dollar?
1238
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EW OLDHAND
Latest post on 06 August 2011 - 18:00
In reality the S&P's downgrade shouldn mean much; these were the same people maintaining AAA ratings for Enron, CDS etc. However investors and people in general love to panic, so many people are trying to talk the market down.... You think it is the S&P driving down the market? Economic fundamentals in the world's major economies look seriously bleak - I think the market has been overvalued for a while.
993
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EW GURU
Latest post on 06 August 2011 - 17:54
In reality the S&P's downgrade shouldn mean much; these were the same people maintaining AAA ratings for Enron, CDS etc. However investors and people in general love to panic, so many people are trying to talk the market down....
1238
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EW OLDHAND
Latest post on 06 August 2011 - 17:49
Interesting question, and I don't know if there is a definitive answer. The dollar's weakness and the Keynesian response to the economic crisis will definitely cause inflation - and that inflation will come here since we are linked to the dollar. We are already seeing that, as I'm sure you've noticed at Spinneys! Probaby the S&P's downgrading will have a minimal impact, but if it does, it will make borrowing more expensive in the US. Borrowing already costs a fortune in the UAE so I doubt that will change. The wild card, in my opinion, is what will Europe do. The Euro is in serious jeopardy - there are no good solutions. The European Central Bank is stuck between a rock and a hard place- one policy is good for Germany, a healthy economy, and another policy altogether is needed to pull Italy, Spain and Greece back from the brink. Having a unified currency without a unified fiscal policy has always been a catastrophe waiting to happen. In any case, I have said all along, the economy is still in big trouble and I don't think the Middle East is immune, no matter what the politicians will tell you! <em>edited by guinness on 06/08/2011</em>
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EW NEWBIE
Latest post on 06 August 2011 - 17:18
So... how will this affect us here in the ME?
 
 

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