Dubai New Year’s Fireworks Display, 2013

Fireworks at the iconic Burj Khalifa in Dubai for 2013:

Dubai is back. Its economy grew 3.2 percent in 2012, owing in part to good economic growth among its two major trade partners, China and India, and in part to the United Arab Emirates federal government having stepped in to use government stimulus to achieve a classic Keynesian growth effect. (Rajoy in Spain and the US tea party are just wrong and need to take economics 101).

So a little good cheer for us all from a bright spot in the Middle East.

5 Responses

  1. This is as good a place as any to wish you, Professor Cole, and all the savants who contribute to your blog a very Happy New Year and a productive 2013!

    Cheers to all,

    Bill

  2. Dubai is back because Abu Dhabi picked up the bill, but Abu Dhabi is now the go-to party spot in the Emirates.

  3. I join Bill in wishing Professor Cole, and all the savants a HAPPY NEW YEAR.

  4. Happy new year Professor Cole. I cannot find the words to express my gratitude for the greatest work you despite all the hostile environment,domestically and from Israel.

    • thanks so much, Ahsan!

      Oh, I have lots of friends, here and in Israel. There are people of good will everywhere, and I think over time good analysis drives out bad.

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