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Just Shoot Me

Bala, 28, Gordon Gekko in the making, pseudo-intellectual, cynic, bibliophile, obsessive compulsive ranter...

Vachamulla aappu..

February 16, 2009

For long, my most favorite among the asset bubbles was the great Chinese bubble. Apparently prices of everything would go up because the Chinese would buy them. Even the prices of puNNakku and gundoosi were going up because of China stocking up for the olympics. Then came the Dubai/Middle East "real estate/construction/mannar and company" bubble. Apparently the dubaiwallas believed they can build shit and shit would sell. Well bad for them, there is this pesky thing called reality..

...Lurid rumors spread quickly: the Palm Jumeira, an artificial island that is one of this city’s trademark developments, is said to be sinking, and when you turn the faucets in the hotels built atop it, only cockroaches come out...

We have seen lots of foolish stuff out there.. but building islands that look like a palm tree?

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posted by Bala, 8:29 PM


What a headline, superb!!!
commented by Blogger Anand S, 11:31 AM  
y not an island tat looks like a palm tree? tat is someone's expresiion of creativity albeit at a monstrous price:)
commented by Blogger IB, 3:55 PM  

Agree on the creativity thing. But the funny thing is they are in the business of real estate and they are actually "creating" land out of nowhere. to quote the world famous philosopher homer simpson - "doh.."
commented by Blogger Bala, 6:06 PM  

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