(sorry I meant Hillary)
I know what you are thinking: What about the old guy? Never mind him, we’ll talk about McCain later. And Huckabee, well he’s too cute to sit in the oval office.
The glory days have returned to the Middle East it appears, with regional indices rising between 30-50% YTD. If, however, these currencies were floating, and not pegged to the dollar, one could expect that this YTD rise would be between 80-90%. There is, however, one change to my thesis about the Middle East. While previously I was a strong advocate of the lack of correlation to global markets thesis, this is changing. Foreigners have begun dumping cash into Middle Eastern markets seeking this lack of correlation, and as this fast money comes it, it can come out just as fast. While the macro story is among the most attractive in the world, and assets versus global peers are cheap, the lack of correlation story no longer exists in the UAE and Saudi Arabia. A new factor, however, highlighting the region's attractiveness is amount of foreign capital seeking currency revaluation and cheap assets being shifting towards the region.
By: Sherif Elhalwagy
2007/12/10
Posted by
Hashem Sabry
at
1:37 AM
5 comments:
Hilarious article people !
keep the good stuff coming.
I read this out loud in my office !!!!!!!!
Alex, New York
i randomly got here but this is a really cool looking blog. you all should promote it
jajaja
U funny man, real funny.
n u got balls.
It really is true, if Hilary is elected to office, Bill is going to be seving his third term.
Thanks for bring it to light.
Santiago
HAHAHAHA
hilarious...
i showed this to all my friends
this blog is really good...
and amazing article...
really nice way of putting it.. VERY FUNNY
I check this blog almost everyday now... keep it coming...
:)
VERY funny article!!!
rumor has it that Bill does not want Hilary to win
he does not want to go back to the white house!!!!
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