Word: bustedly
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...Asia and the U.S., while sending investors scrambling for safe havens like the U.S. dollar. Experts have since engaged in a rabid round of speculation over what the Dubai debt crisis might mean for the world economy. Some see the problem as little more than a big real estate bust. "I don't see what the big deal is," Willem Buiter, economist at the London School of Economics and Political Science, wrote bluntly. Others see the Dubai crisis as the potential flashpoint for a new stage of the global crisis, a sign that heavily indebted sovereign states might begin having...
...next fragility as the world recovers, threatening again to destroy livelihoods and trap millions more in poverty," World Bank President Robert Zoellick recently wrote in the Financial Times. Property-market analyst Nicole Wong at brokerage CLSA argues that Hong Kong may inevitably be heading for "another boom and bust" in its real estate sector, due to a combination of tight supply and easy money. "The answer to the question could there be a property bubble in Hong Kong is yes," she says...
...negative effect that could have on its struggling export sector. China "is like watching a duck swim," says Giles Chance, author of the recently published book China and the Credit Crisis. "On the surface it seems fine, but underneath it's quite chaotic." (Read "How Wall Street's Bust Threatens Dubai's Boom...
...decade. The potential reward is worth the risk, says Barnett. If the agency's Fat Pig organic-candy line flops, he says, "the worst thing that could happen is there would be a lot of chocolate for us to eat." That's sugarcoating the prospect of a brand going bust, though. If a lot of agency-created products tank, the old model of fat fees could once again look pretty sweet...
...fled, and thousands of expatriates and locals who had bought into the dream were left owning unfinished condos or houses they could not sell. Residential real estate prices have fallen by almost half in the past year, the deepest decline anywhere in the world. (Read: "How Wall Street's Bust Threatens Dubai's Boom...