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Trowers first to fall prey to Middle East downturn

Burglar Bill Burglar Bill, yes the US and UK have injected liquidity into their banks but you may have missed the slight issue that by doing this they have left both countries with enormous deficits which will have to be paid back via increased taxation in the future. The UAE has no such problem (those damn budget surpluses...) and so you are right it is like comparing apples and pears - 2 bankrupt countries, compared with one with enough money to buy most important assets globally at bargain basement prices. I know who is in the best position - the UK and its reporters should concentrate on bagging its own politicians and financial systems and the mess they have inflicted on ordinary people rather than trying to compare it with other countries.

24-Feb-2009

4:50 am