You could certainly accuse speakers at the National Bank of Abu Dhabi Global Financial Markets Forum yesterday of playing to the home crowd. There was almost universal gloom about economic prospects everywhere except the UAE and Qatar.
The global doom is not so hard to swallow. ArabianMoney has been pointing out for ages that the US recovery is false and based on printed money; that the eurozone sovereign debt crisis is not going away anytime soon; that China is slowing down; and that unemployment and social unrest is on the rise, big time.
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