Big opportunities in Gulf States’ ‘new reality’

Bond investors at Pimco have coined a new phrase to sum-up their expectation of lower growth rates and higher US unemployment over the next few years. This is the ‘new reality’. Of course the stock market bulls do not agree. But for main street USA this is the ‘new reality’ whatever those investors heading for a fall choose to think. For the Gulf of Arabia the adjustment from the oil boom to the credit crunch of last September has been just as painful, as the higher you fly the harder you fall.

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