Tag Archives: economy

August 5, 2026 · 20:42

Wrong footing?

This happens, we all get our footing wrong, even I. As such I had my ‘ideas’ about Ahmed Mawlana, nothing bad. But whilst we see ‘Has the UAE’s meteoric rise reached its limit?’ Which is given to us by the Middle East Eye (at https://www.middleeasteye.net/opinion/has-uaes-meteoric-rise-reached-its-limit), so Ahmed Mawlana is a researcher specialising in International Relations and Security Affairs. He holds an MA in international relations from Sabahattin Zaim University in Istanbul, so as I see it, he is no grocery wannabe. And I am fine with that. So as we see “In less than two decades, Abu Dhabi has transformed itself from a relatively low-profile Gulf state into one of the region’s most assertive powers. How did a country of around one million citizens acquire such an outsized regional role? The UAE’s rise is linked to its ability to capitalise on successive regional crises, beginning with the 2003 US invasion of Iraq, accelerating with the Arab Spring, and gaining strength amid Washington’s declining engagement in the Middle East.” He ends the article with “Ultimately, the principal constraint on the Emirati model is structural. The UAE possesses immense financial resources and an extensive network of international partnerships, but it remains a small state with a limited citizen population and little strategic depth – making it difficult to sustain prolonged regional crises, or to confront larger powers directly.”

I get what he write and there is logic in this, but I also see what the UAE has achieved and whilst I was never there, YouTube has been very vocal (it’s YouTube creators) to show us all what the UAE has achieved. In support of my way of thinking is the Reuters article that gives us ‘UAE non-oil growth hits four-month high in July, PMI shows’ (at https://www.reuters.com/world/middle-east/uae-non-oil-growth-hits-four-month-high-july-pmi-shows-2026-08-05/) where we see: “The United Arab Emirates’ non-oil private sector grew at its fastest pace in four months in July as new orders climbed to a ‌five-month high and export business rose, a business survey showed on Wednesday.” As I see it, the non-oil part is essential here. We see the growing tourism and service settings. We see additional maritime growth and that is merely the beginning. The UAE has a lot to gain in all this, which is why I have ‘issues’ with the setting of Ahmed Mawlana. He might be correct, but the term “meteoric rise reached its limit” can be explained in a few ways. One of them is that the stellar growth might be gone. I don’t think so, especially as tourism can still grow a lot more, but that is possible. Still as we see Real Estate and tourism grow, there is still the difference between strong growth and meteoric rise, so whilst the second has reached its peak the first one is still within the grasp of the UAE. Personally I think it is becoming time to make Iran extinct. A shameful thought to have, nut they did that to themselves and I created 4-5 military IP’s to make something according to that need happen (I am more of a surgical instrument) why kill when you can destroy their abilities and commodities so they destroy themselves. I am at times that simple.

So whilst we get the setting that Reuters gives (just a few) 

  • Firms linked this to easing regional tensions and stronger activity across the Gulf.
  • Employment returned to growth after June’s steep drop.
  • Business confidence weakened for a third straight month to its lowest since March.
  • Backlogs of work rose at the strongest rate in four months, reflecting firmer demand and freight congestion.
  • Input cost inflation edged closer to April’s recent peak.
  • Firms raised selling prices again, but only mildly.

Which is also slightly debatable. For instance we see “Business confidence weakened for a third straight month to its lowest since March”, which I accept as one of the given facts, but at this point I wonder how that confidence level is when compared to the US economy setting of the United States? This question is formed as Al Jazeera gives us ‘Why did the US economy slow down?’ (at https://www.aljazeera.com/video/newsfeed/2026/8/4/why-did-the-us-economy-slow-down) where we see “The US economy slowed more than expected, but it’s not because Americans stopped spending. So what really happened? The answer lies in how economic growth is measured, and America’s massive investment in artificial intelligence”, yet the other (not given fact) is that players like Deloitte give us “While broad corporate spending is skyrocketing, tangible financial returns often take two to four years to materialize instead of the usual 7 to 12 months for standard tech” and I have a problem with that. Some sources give us “Studies indicate that up to 95% of early generative AI pilots struggle to show a clear positive financial return because tools are deployed without changing underlying workflow” and I see the class actions forming and that is messing with the RoI (Return on Investment) as well. All this is making the US Economy not a volleyball but a paintball at best and anyone who gets hit by its paint is heading for stormy weathers (not the girl), although the effect are the same, but not as pleasurable. In all this, there is optionally a cause for not seeing meteoric rise but strong growth is still on the table, no matter how muddy the United States administration makes some ‘facts’ look. And in all this, I till see plenty of options for the UAE, I merely think that they need to go of the AI horse. The AI is lousy and all AI is Fake AI (as I personally see it), so why bury yourself in 3-8 years of turnaround (I definitely disagree with the Deloitte numbers. I reckon that the UAE has a better setting throwing themselves on actual programming and creating stuff that has the turnaround time of 7-12 months. Let big tech break their teeth on tech that is over a decade away. They might survive, others will not and I do not trust the settings that the United States are throwing out there. Too much of it is not validated and as I perceive it not verified in any way. The UAE has actual issues to face (that terrorist state Iran) and holding their coffers in a 3 to 8 years wait state is no solution. 

Perhaps I am seeing this wrong, these fake AI have real options, ML and DL are great tools (I use the term DML as they are combining the two) and I have seen great solutions, but that setting in a 3-7 years setting is not a real solution. Consider the issues that some are reconsidering idea that are out there ‘How Commonwealth Bank and Microsoft are reimagining the future of customer service’, which I see as nothing more that the setting that NICE and CX One already have. So whilst that is happening. I wrote ‘Two paths to similar stages’ (at https://lawlordtobe.com/2022/03/30/two-paths-to-similar-stages/) in March 3022, so it is not a last minute idea. There was more, and in light of the Tourism settings in both the UAE and Saudi Arabia, the idea started to form to have a Muslim solution (I meant Arabic) that industry is exploding to a larger degree whilst they are all pushing American solutions which are not 100% covering Islamic rules and ideas. That should stop and I saw an opening for the UAE and Saudi Arabia to get one solution in the field that would fuel both nations, optionally Qatar, Egypt, Pakistan and a few other places. So whilst Microsoft had this inflated idea with “CBA will work with Microsoft to drive greater customer benefits through wider adoption of generative AI (Gen AI) and ongoing cyber security initiatives” I saw this idea 4 years earlier whilst not using AI, because it would be decades before we are there. 

Just thinking out loud. Have a great day today

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August 5, 2026 · 00:53

Did I see that correctly?

That was the feeling I had. I saw something and it conflicted what I knew. So I checked again, because I could easily be wrong. But it seems that Arabian Business (at https://www.arabianbusiness.com/politics/uae-economy-uk-trade-ties) gave me something that hit me like it was absolute news. Now, I do not really look into that side of things, because I am not with some elevated setting that I need to know. But the numbers were striking. You see ‘UAE economy built to withstand global shocks as UK trade ties top $30bn, leaders say’ was something that didn’t make sense. It was ‘supposed’ to be a mere $20.5 billion (approximately) and this is 50% more, which is fine, but at that point something has to give. So whilst we might consider the setting of “UAE leaders say the country’s diversified economy and UK trade relationship, now worth more than $30bn annually, position it for continued growth” and ““With non-oil sectors now accounting for nearly 80 percent of our economy, the UAE’s economic strength is built on strong fundamentals, global connectivity, robust institutions and the agility to adapt to a changing global landscape. These strengths position us to deepen cooperation with trusted partners such as the UK and to emerge stronger from today’s geopolitical challenges.” During the discussion, Badr Jafar, Special Envoy of the Minister of Foreign Affairs for Business and Philanthropy, said the country’s resilience reflects decades of investment in diversification, infrastructure, institutional capacity and global connectivity.” Implies that the finds were taken from somewhere else, or the UK is seemingly bumping someone else down the staircase as the expression goes. So last month we were given that the top exporters towards the UAE are: 

  • China: $64.7 billion
  • India: $37.1 billion
  • United States: $22.2 billion
  • Saudi Arabia: $18.7 billion
  • Hong Kong: $14.5 billion

The question becomes who is losing out? It could matter to know what was imported more and it might give the inclination who is not exporting less to the UAE. It would be fun to learn that there were additional costs to the United States to see them lose market value, but in all honesty I have no idea. So as we are given “Sarah Mooney, Consul General to Dubai and the Northern Emirates and HM Trade Commissioner for the Middle East and Pakistan, discussed the process following the successful conclusion of negotiations on the UK–GCC Free Trade Agreement. She said: “One year on from the launch of the UK’s Industrial Strategy, we are seeing stronger UK–UAE trade and investment ties, growing collaboration across high-growth sectors, and the successful conclusion of UK–GCC Free Trade Agreement negotiations – an important milestone that will help unlock even greater opportunities for businesses in both markets.”” And then we also see “Bradley Jones, CEO of the UAE–UK Business Council, said businesses are seeking clarity on regional developments and future opportunities. He said: “This briefing came at an important moment for our members and stakeholders. Businesses are seeking clarity on both the regional context and the opportunities ahead. The discussion underlined that the UAE’s resilience is not only reassuring in the present but is a strategically important factor for driving forward the next phase of UK–UAE growth.”

It doesn’t give anything more than the fact that the United Kingdom is doing well and achieving more business, but it does not reveal who is losing out. There is the additional thought that the UAE merely got $10 billion in additional trades giving us no losers in all of this, but my mind is giving me that this is still a clear loss to the United States and I reckon that we will soon learn more as this news is merely 15 hours old. 

It is also an indicator that trade in the UAE is resuming close to its old settings. So good luck to them and to all a great day today.

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July 25, 2026 · 00:42

Optional name calling

That is what has been going through my head, you see, as the BBC (at https://www.bbc.com/news/articles/cvgj61j6l08o) gives us ‘US hits dozens of countries with new wave of tariffs’ where we as nations are starting to call names, and in that setting of name calling, we get a new stage. America has lost whatever allies he thought he might still have. Now, as I see it, America stands alone for the foreseeable future. So as we are given “The US has imposed new tariffs on 60 trading partners in the latest escalation in the trade war reignited by US President Donald Trump when he returned to office last year. Those targeted, including the UK, China and the European Union, will face a tariff of 10% to 12.5% on all goods, accounting for almost all American imports.” As such the kid in me (the one calling other names) wants to find a solution for this and leaving the United States out of this seems prudent. Can we sell to other commonwealth nations? So can we give the United States a bonus tariff twice as much? So any product coming into our nation will get 30% tariff, and we given other nations exporting to us 0% tariff (if applicable) in that same trend places like Canada and the EU importing Australian goods get 0% tariff, same for their stuff getting here. I reckon that America will fave a implosion of non-commerce soon enough. There is nothing wrong with the idea of suspending all goods from Kraft and preferring Italian goods over Kraft. Same for Heinz and whatever else comes from the United States. I bet that there are leagues of Canadian and EU goods that could replace other goods that are (for now) coming from America. I reckon that it merely takes 90-120 days for the United States to ring every alarm bell they can find, because this will also implode Wall Street, when brands like Cisco Systems Inc finds themself part of the tariff settings and when its EU competitor gets the bulk of the jobs that were for Cisco, what do you think will happen when ASUS gets these jobs? Because that is a larger playing field. When goods from the United States are rejected, the goal will be to push long term brands out and when they go anything could happen. Will it be easy? Nope, but could it be done? That is the setting that the American Administration is seemingly overlooking. And not going into a ‘lets talk about this’, but a direct rejection of these options. In the same trend that several European nations are now rejecting Microsoft, what happens when that rejection becomes global? Other brands could now see the rejection lights come into view for themselves, because there is every chance that places in the EU and the Commonwealth see opportunity rise, because they were held back by the competitiveness from the United States, when that falls away nearly anything becomes possible. I reckon that Dell will love that idea (and Ireland just as much so). 

So whilst we are given ““Today’s action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere,” US Trade Representative Jamieson Greer said. The new duties apply to the top 60 US trade partners covering 99.4% of US imports, the Office of the US Trade Representative said.” So whilst that amounts to 99.4% of the US imports, how much of the US Export is set towards these same 60 nations? So whilst we see ‘validation’ through “Asked about the forced labour justification, she said: “I think they were looking for a legal reason to put the tariffs in and that they can maintain them because their goals and Greer has been very clear about this, as has Trump, is about the trade deficit and it is about US manufacturing, it is not about forced labour.”” You see, we are also given “Australia’s total annual imports from the US reach approximately US$60.9 billion” so how much of that could be gotten from the other Commonwealth nations, the EU and China? And set up a system where these 60 nations are given those same settings. As such as these nations could instead of exporting to the United States export the same materials to other nations when they reject all the US exports to their nations. I am not saying it is simple, or even feasible, but the United States exported a record $3.43 trillion worth of total goods and services in 2025. So when we dampen that by at least 50%, I reckon that the old days with people jumping to their death on Wall Street might return. And after that, the United States gets to see what that also brings, because when $1-$2 trillion dollars is likely to keep many people in the United States employed, when that falls away they have another nightmare scenario to content with and they already have a few of these running all over the lawns in Washington DC and optional at Wall Street too. 

As I see it, we need to become a lot more proactive in stopping that insane asylum called White House. And as I saw a term called “Pimp of the United States”, I wonder who they meant, because I merely saw the term, not sure where it was coming from. But in this light it might get another settings too.

So whilst we are reshuffling trade agreements, I reckon that China will see opportunity to hand the United States much less good news, optionally the EU nations and the Commonwealth nations too. So consider this simple setting, Pakistan exports a wide range of goods totaling over $36 billion annually, led heavily by textiles, house linens, and rice. Major buyers include the United States, China, Germany, and the United Kingdom. So what happens when the United States is removed and they get Canada and Australia and a few EU nations to replace the United States? Pakistan is hit with 10% tariff, what happens when they can replace United States with these alternative destinations? How many will need to consider this to see what happens to the United States when places like Walmart end up having empty shelves? Just saying, that game can be played by more countries and what happens when Saudi Arabia and the UAE (both 12.5 percent nations) get the same options? How many more nations need to consider this before Jamieson Greer as the Trade representative can inform President Trump that he has a new nightmare coming his way? And I reckon that these 60 nations will add some numbers, I looked at three nations and I got $36B + $26B + $31B giving us $93B. I reckon that we cannot get 100%, but even if we get a mere 70%, it will add to the incoming nightmare into Washington DC pretty quick and it is the setting we cannot see, because if the Commonwealth, EU and China can create a setting to get our needs met, there is a larger setting that the United States will end up getting isolated in the process and that is a bad place to be, especially with their negative settings in their economy at present. 

I reckon that doing this is a lot more productive than some people resorting to name calling, but that is merely my point of view. Oh, and what happens when people are introduced to Canadian, EU and UAE/KSA movies and TV series? Did anyone see the premise of that, because I have been irritated to no end of American streamers denying other parts of the world these series, because there is a benefit of withholding these series. So whilst Disney is hedging on the setting that these people will resort to Disney plus. But what happens when the opposite is achieved? What cost will they face then? I get that streamers want an advantage and they should use that, like perhaps a year, but what happens when people have had enough? If I feel this now, I am 100% certain that at least 2-3 dozen people feel that same way. And It should not be a forced buy from Amazon either. It feels like a repetition of movies in the 90’s. I am not sure it is a valid comparison, but that is what it feels to me and as I see it, there is plenty to consider from outside of Hollywood. But are these makers considered? Just writing my thoughts out loud (without resorting to capitals), so you all have a great day and consider what I wrote here, I reckon that several of them might see the light and as my mother was originally born in Argentina and lived in Uruguay (Montevideo), there might be some cultural needs too. I wonder who else has a connection to some of these 60 nations. Because culture is a strong handle to have in all of this. Which makes me wonder, when was the last time I had Dulce de Membrillo? Together with a lovely Dutch Cheese (Edam) is quite the treat and I haven’t had that in decades, perhaps even half a century. So what else can we get in the near future in a supermarket near us?

Write to you all later.

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July 19, 2026 · 17:31

Is it that simple?

There is a stage when the village idiots shout things that kinda offends us, but we whisk it away. Then we reconsider their shouts and think ‘Has it come to this?’ And we consider what we know. So as we are given (at https://www.bbc.com/news/articles/cwyq93j34lgo) by the BBC that ‘Trump threatens new Canada tariffs over fires sending ‘filthy’ air into US cities’ the first think I want to say is that Canada had no protests coming to the aid of California whilst it was burning down (and Doug Ford, a man from Etobicoke said so), and as we see that the United States puts over 1000% (compared to Canada) pollution in the air, we might think a few things of these village idiots. But then we consider does it help to counter these people? So I went to think in another direction. ‘Has the United States become this broke?’ Because there is reason for this thought even though we hear people say that a country cannot go broke, they can print money. Some (the really old people) might remember the hyperinflation of the Weimar Republic between 1914 and 1923. 

We get into the setting that people pay DM150,000 for a bag of potatoes (not to mention the price of beef and butter) so this is not a solution and at that point all saving are almost immediately reduced to zero. Beside that the White House requested a record-breaking $1.5 trillion for the defense budget for Fiscal Year 2027, alongside a separate $87.6 billion supplemental request driven heavily by military campaign costs related to Iran. And that is where things get really (really) dicey. You see, the total U.S. national gross debt stands at approximately $39.4 trillion, which implies that the United States now has an annual interest bill of over a trillion dollars. As the IRS (the American donation system) gets about the Internal Revenue Service collected $5.3 trillion in gross taxes, processed 271.4 million returns and forms, and issued $638.8 billion in refunds, this now implies that the United States will have to do with at least 18% less money and that is happening in less then 12 months. How do you think the United States can pay for infrastructure and other services? I saw this coming a few years ago and I tried to warn you all about it, but people like to listen to those countering that and claiming that there are solutions. The United States is too big to go broke. As I see it, the invoices need to be paid and the United States will have nothing left to pay in 12-24 months. At present we will see that certain things will be pushed forward and others are set in the backpay setting, but it is now running out, as such the United States are now claiming all these tariffs and other money making settings, but as I see it, the party is now as I would personally see it, officially over. And as the United States gets less and less revenue as they pissed of pretty much any ally they have, the new setting is that they need to get whatever they can. I saw the 51st state (Canada), Greenland, Venezuela and Iran as the precursors towards a nation too deep in debt. And there were others who saw it as well. As I reported in March in my article ‘Where is the trust’ (on March 17th 2026, at https://lawlordtobe.com/2026/03/17/where-is-the-trust/) where I wrote: “Because if I can figure this out in the last decade and now we get that Dave Kelly (JP Morgan, as per OCT2025) can figure this out, you should wonder why others couldn’t figure this out. I get that I am a no one is all this, but David Kelly is the Chief Global Strategist and Head of the Global Market Insights Strategy Team of JP Morgan and he is a voice to consider no matter how you slice it” as such my speculative setting is that the party is over and the chances that the economy of the United States will collapse in the next 12-24 months. And there is more bad news, those who held onto the treasury bonds might also dump those in the near future and there is no leeway for the United States, they pissed off too many people. So as I see it, they all made their beds in that election on November 5th, 2024. Which was the last nail the United States had left. This setting did not come overnight, this setting was pretty clear around ‘The deal compared to morality’ which I wrote on January 29th 2021. So this stage has been evolving for a while and the political players went from hype to hype (the current one is the nonexistent hype of AI) and no one is asking the hard questions. But as I see it, the setting is most likely to be that the banks in the United States will likely go in some vulture setting, because at that point the carcass of what was the United States will be devoured. This setting was encouraged by the settings of Wall Street and others have faced it and now the United States will face that and a likely 330,000,000 massively angry people, but that is what they signed up for, they could have voted differently. 

So whilst everyone is looking for a way out, they will see that there are not that many options. The current administration burned those bridges down to a cinder. 

Have a great day and consider what is real and what is not. Perhaps I am all wrong (not certain I am), perhaps (massively unlikely) so is David Kelly of JP Morgan, but there is too much out there and someone will figure out what I did well before 2021. So have a great day and don’t forget that that in Germany 1923 the price of coffee became a famous historical example of runaway prices, famously rising from 5,000 marks to 7,000 or 8,000 marks in the time it took to drink it, so when did anyone in the United States make enough money to afford such a cup of coffee?

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April 29, 2026 · 11:05

The bad news

That is what was going through my mind the day before yesterday and yesterday I saw something by Al Jazeera who illustrates it to you in a more profound way. They ‘quoted’ “Iran says US no longer in position to ’dictate’ policy to other nations”

I don’t give in to the setting to Iran on anything because they are regarded as utterly evil by me, but as I see it, this one they got right. You see, the United States is as far as I see it the United States is insolvent. All other parties are so ready to debate the fine ‘tactics’ of what is insolvent. But the setting is now that the United States is a liability of 47.1 trillion dollars (according to some), their debt has now surpassed to 38 trillion and if the first set of numbers is correct, the interest is will in 2026 surpass $1,500,000,000,000 and that is a whole range of zero’s. To understand how I got to be this clever (the Dutch singer Herman Brood disagrees because he told me that I would never be clever). I wrote the story (at https://lawlordtobe.com/2014/08/26/about-america-chapter-11/) ‘About America, chapter 11’, I wrote it on August 26th 2014. You think that this was too early, but at that point the debt had surpassed 18 trillion then and there was no exit strategy, there still isn’t one, but the debt has more than doubled and the IRS allegedly collected approximately $5.23 trillion, that implies that a third is spend on interest and in that setting President Trump wants to spend a trillion more in defense spending? You have got to be kidding. And whilst we are on the Trump discussion. He pissed of whatever ally he had and they will all let him drown with all his debt. So, he is playing nice with the Middle East and the members of the Gulf States that have cash. I also stated that the AI court cases will increase and I was right “As of April 2026, AI-related court cases are rapidly increasing, focusing on two main areas: AI misuse in legal filings (hallucinated case law) and intellectual property disputes over AI training data.” And I have seen first hand that we have only seen the tip of the iceberg considering “intellectual property disputes over AI training data” and these disgruntled parties are international and those not having some agreement in place will get their payday and their golden checks all whilst they come out of the coffers of the United States, leaving the United States more destitute than ever before. 

So in this case Iran might be correct, the days that the United States is “in position to ’dictate’ policy to other nations” are over. They might do so, for a few weeks, but when the larger bills come calling, we will see a different America and at that point I fear for the well being of my Canadian brothers (sisters too), because whatever Canada has, the United States will need and they will blame on the world their own inability to keep their spending habits in order. As I see it, the only path for the Commonwealth is a path that partners with China and Europe to create one big block (not the cheesy kind) but this is what I expect to happen, because as I see it, the intercepted Iranian tankers are heading wherever the US Navy wants to take them and according to some this is called ‘Western Piracy’, I am unsure what to call it, but it does give more weight to the insolvency issues I am seeing. And whilst some see this as the beginning of a Ponzi scheme of handling things (I am on that boat too), how long do you think that this will continue before all allies that the United States once had will see this as unacceptable and the new allies will almost immediately shy away and whilst the Media has a shrinking reliability, it merely fuels that Middle Eastern media in gaining a more prominent traction with the west. 

So feel free to disagree with what I write, but also take time to investigated the news as it is and compare it to what you know. As such I ended the article in 2014 with “I reckon soon enough we will get more and more long winded talks, but in the end no one is saying anything because those who will be making the speeches are at the heart of what went wrong and no one wants to hold on to that guilt when those left without their house ask them the question ‘where are my savings?’.”

As such I wonder where are some of the saving left, because a Ponzi scheme approach will more easily use the funds of any bank and replace it with an IOU. 

So you all have a decent day, if possible a great day and I call on all Commonwealthians to consider the plight of the Canadians, because no matter how good they are doing, due to PM Mark Carney, they will soon have over 300,000,000 angry Americans looking for a way out and a better way than the hollow shell they are (allegedly) in at present.

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April 21, 2026 · 05:45

For a few Yuan more

So, yesterday I saw a MarketWatch article (at https://www.marketwatch.com/story/the-real-meaning-of-uae-reportedly-requesting-a-dollar-swap-line-6a40d630) where we see ‘The real meaning of UAE reportedly requesting a dollar swap line’, now don’t start running like a half baked cryotoboy to it’s mommy stating the world is ending (like we saw to weeks ago when some of them ran off to the airport), the byline gives us a clear “Economists believe the UAE is signaling it wants closer ties with allies, not a bailout” and I can agree with that. I have not seen seen any Emirati panic, or make bailout mentions. We are given “A report the United Arab Emirates requested a dollar swap line with the U.S. may be more a threat the Gulf nation could shift an alliance rather than a sign it’s about to run short of the American currency, observers said.

The Wall Street Journal reported that the UAE central bank governor, Mohamed Balama,  requested a currency-swap line with the U.S. from Treasury Secretary Scott Bessent while in Washington D.C. last week. The UAE is facing pressure from the closure of the Strait of Hormuz, though experts say its economy so far is strong enough to maintain a dollar peg.” It comes with the additional “Tim Ash, senior strategist at RBC Bluebay Asset Management, pointed out in a posting on X, that sovereigns do not request swap lines lightly. Brad Setser, senior fellow at the Council on Foreign relations agreed, also highlighting on X that he doesn’t believe UAE is in any emergency need of financial assistance, given it entered this conflict with huge holdings of U.S. Treasurys and significant forex reserves in excess of $250 billion. It’s important to note that the Emiratis have asked for a swap line and not a credit line.” And that is supported with graphics on ‘UAE forex reserves versus holdings of U.S. Treasurys, in billions of dollars.CFR’ and those numbers look good, even a non economist (like me) can see that the numbers of the UAE are good. Yet what we are also given is “Gave suggests, the UAE may be “sending a not-so-subtle message to the U.S., namely “leave the region and you will quickly be replaced by China.””

It might make sense and considering the damage that the United States Congress, a document produced on April 9th 2026, by Paul Kerr gives us “Iran’s nuclear program has for decades generated widespread concern that Tehran is pursuing nuclear weapons. According to past U.S. intelligence assessments, Tehran has the capacity to produce nuclear weapons at some point but has halted its nuclear weapons program and has not mastered all of the necessary technologies for building such weapons. The extent to which June 2025 and February 2026 Israeli and U.S. airstrikes affected Iran’s ability to produce nuclear weapons is unclear.” with the added “According to official U.S. assessments, Iran halted its nuclear weapons program in late 2003. This program’s goal, according to U.S. officials and the IAEA, was to develop an implosion-style nuclear weapon for Iran’s Shahab-3 ballistic missile. A 2025 public U.S. intelligence assessment stated that “Iran is not building a nuclear weapon” and that the now-former Supreme Leader had “not reauthorized the nuclear weapons program he suspended in 2003.” IAEA Director General Rafael Grossi stated on March 4, 2026, that the agency “never had information indicating that there was a structured systematic [Iranian] program to build or to construct a nuclear weapon.””

So, there was no real nuclear danger? And the Strait of Hormuz was open before this clambake started? It seems to me that the UAE (optionally with support of all other oil producing gulf nations) should give warning to not mess with their background, especially as it is roughly 7,000 miles away from Washington DC, as such no international waterways (connected) to the United States are in danger.

But in addition to the MarketWatch article, we see the Canadian DeepDive giving us (at https://thedeepdive.ca/uae-threatens-yuan-oil-trade-if-us-denies-dollar-lifeline-as-iran-war-drains-reserves/) ‘UAE Threatens Yuan Oil Trade if US Denies Dollar Lifeline as Iran War Drains Reserves’. The first part of opposition (by me) is that MarketWatch shows that the reserves are good. Basically DeepDive is not lying, reserves are seemingly being drained and that does not imply that the UAE reserves are in danger. But here we see “Central Bank Governor Khaled Mohamed Balama brought the proposal to Federal Reserve officials and Treasury Secretary Scott Bessent in Washington last week, the Journal reported. Abu Dhabi’s position, relayed through multiple officials: the war has strained its finances, dollar reserves could come under pressure, and if Washington does not provide a liquidity facility, the UAE may have little choice but to settle oil and gas trades in yuan or other non-dollar currencies. Emirati officials also told their US counterparts that Trump’s decision to attack Iran was what drew the country into the conflict to begin with. No formal application for a swap line has been submitted.” It is like the message Louis Gave, chief executive officer at Gavekal Research gave us, we merely get more information here. So like MarketWatch we see here “a bilateral currency swap with the Federal Reserve — would allow the UAE Central Bank to draw down dollars against dirhams at the prevailing exchange rate, effectively insuring against a hard-currency crunch without requiring emergency asset sales. 

The Fed currently holds standing arrangements of this kind with five central banks: the European Central Bank, the Bank of Canada, the Bank of England, the Bank of Japan, and the Swiss National Bank. Extending one to the UAE would mark a meaningful expansion of the Fed’s wartime financial commitments.” I am not enough of an economist to see the larger implications, but as I see it, President Trump started shitting in its economic backyard and now the people affected are saying (my of voicing it) “Stop this or we walk away from the US dollar in trade”, now you might think that I am overstating the ‘danger’ but consider that the US dollar is already under stress from a 39 trillion dollar debt (aka $39,000,000,000,000) and now when the Dollar trade offset is impacting trade other means of revenue would seemingly fall away, because it is never a simple setting (is it), and this would be the Home Run that China would love to see evolve. Do you really think this would be merely about oil? When oil starts, others will seek shelter and that is before others dump their $5 trillion (aka $5,000,000,000,000) in US treasury bonds. There have been noises that smaller amounts were ‘dismissed’ but the larger amounts are a worry for Wall Street, they are highly unlikely able to survive this pressure, as such the United States Administration better come up with a solution and quite fast. 

All this whilst Al Jazeera gives us ‘Iran war live: Uncertainty over talks, Trump insists deal to come ‘quickly’’ with the added “Iran says it has no plans to send negotiators to Pakistan for a new round of talks after the United States seized an Iranian-flagged cargo ship in the Strait of Hormuz. Still, President Donald Trump says US team, led by Vice President JD Vance, is on its way to Islamabad” So, one has no plans to send someone, whist the other states someone is on the way? How is that communicating? How is that any solution? That is the premise (given to us 14 minutes ago) that someone like China needs to dethrone the US dollar, so when China gives a solution in the next 24 hours, whilst President Trump starts commenting on his big beautiful solution for the world, the premise of the United States Dollar being removed from the oil trade becomes real. Do you really think that this is just about oil? Because this setting would require the better part of a decade to unwind. It is too early for me to say that the US dollar is out of this, but the other elements might make the pressures of the Dollar in the oil trade unmanageable. 

It is merely my point of view, no biggie. Have a great day, still 120 minutes until breakfast for me. I, hungry, all whilst it is lunchtime in Vancouver, what a bastards.

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February 22, 2026 · 22:19

By the numbers

As things go, late last night (roughly 20.435 hours ago) I was directed towards a CNN article. The article (at https://www.cnn.com/2026/02/21/politics/economy-gdp-trade-deficit-trump-tariffs) gives us ‘These two new economic numbers blew a hole in Trump’s rosy narrative’ where we see the following issues. The first is “Two new pieces of economic data, one released Thursday and one released Friday, blew another hole in President Donald Trump’s triumphant narrative about the effects of his tariffs. The figures released early Thursday showed Trump had wildly overstated the impact of the tariffs on the trade deficit. The figures released early Friday showed he also had wildly exaggerated economic growth in the fourth quarter of 2025.” My first thought was ‘what else is new’ and it is not based on data. It is based on the presentations that we are given in several ways. As I personally see it, he cannot deal with the thought of being seen as a loser (the bully in him won’t allow this) and we then get to issue number two. “Trump has for years highlighted the trade deficit – the difference between the value of US imports and exports – as a supposed example of how the US is being “ripped off” by other countries. (Many economists disagree with his characterization.) On Wednesday evening, he posted a celebratory message on social media. “THE UNITED STATES TRADE DEFICIT HAS BEEN REDUCED BY 78% BECAUSE OF THE TARIFFS BEING CHARGED TO OTHER COMPANIES AND COUNTRIES,” the all-caps post began. The next morning, though, the Bureau of Economic Analysis revealed the actual 2025 trade deficit in goods and services. It was nearly identical to the 2024 deficit, down just 0.2% — nowhere close to Trump’s professed “78%” decline. And the trade deficit in goods, the items subject to Trump’s sweeping global tariffs, was up 2.1% compared to 2024.”

So as we are given “Trump didn’t make up the “78%” figure out of thin air, but it was still deceptive.” I am on the fence there. Pretty much every politician I have ever met uses some form of ‘deceptive presentation’ I have made presentation in the past doing exactly that, although not the the effect that is stated here. Then we get “Trump’s Wednesday post was also inaccurate in suggesting his tariffs are paid by foreign countries. Tariff payments are made by US importers, not foreign exporters, and those importers often pass on some of their costs to consumers. While foreign exporters may sometimes drop their prices to try to keep their products competitive, various  analyses have found that the overwhelming majority of the costs of the tariffs Trump has imposed this term are being covered by a combination of US businesses and US consumers.” So here we are with a CNN article that is like Dynamite (I am certain that Daniel Dale, the writer,  doesn’t have a explosive permission, handed to him by the RCMP)  and it gives us some great settings, settings a lot seemingly have missed. So as we are given “The figures released Friday show just how far from reality his “5.6%” claim was. The economy actually grew at an annualized rate of just 1.4% in the fourth quarter of 2025, much slower than the 4.4% growth in the third quarter of 2025.

The fall government shutdown was a significant factor in the weak figure. Still, Trump claimed growth was 5.6% despite the shutdown, which wasn’t close to correct.” You would think that this is the end of it, but you would be wrong. It kinda connects to something else (or at least this is what I think). The article (at https://www.aol.com/articles/trump-crackdown-drives-80-plunge-221101694.html) gives us ‘Trump crackdown drives 80% plunge in immigrant employment, reshaping labor market, Goldman says’ where we see “A sweeping crackdown on immigration in President Donald Trump’s second term, characterized by elevated deportations and strict new visa bans, has precipitated an 80% collapse in net immigration to the U.S., according to a new analysis by Goldman Sachs. The report, released Feb. 16, warns the dramatic contraction in the flow of foreign-born workers is fundamentally altering the nation’s labor supply mathematics and lowering the threshold for job growth needed to maintain economic stability.”

So not only are the American getting hoodwinked now, but the hoodwinking will continue and get worse as I see it. The setting of “The investment bank’s U.S. economics team, in a report led by David Mericle, projected a precipitous drop in the arrival of new workers. While net immigration averaged approximately 1 million people per year during the 2010s, that figure fell to 500,000 in 2025 and is projected to plummet further to just 200,000 in 2026, Goldman said. That represents an 80% decline from the historical baseline, a shift the report attributes directly to aggressive policy changes, including “elevated deportations,” a recently announced pause on immigrant visa processing for 75 countries, and an expanded travel ban.

The economists note these measures are likely to “slow inflows of visa and green card recipients” significantly, while the “loss of Temporary Protected Status for immigrants from some countries” poses further downside risks to the labor supply. The report explicitly links the forecasted drop to elevated deportations and tighter visa and green card policies.” It relates because the view that it gives me is that the ‘true’ setting of 1.4% might go down further to a mere 1.12% and that is really not good news for the Americans, I might even call it massively drastic. Should the AI drive decline further (which I personally expect to kick in this year) there is a chance that the American economy might rise no more than 1%. Do you actually think that the current president of the United States is willing to hand out that result to the public? His current rating is set to 36%-47% and it is about to get a few klicks worse, how much worse? I have no way of knowing that, but the CNN article and the AOL data might give rise for American to dislike him a little more than they did yesterday. I reckon that the 80% plunge in immigrant employment data will set certain people up the wall and I believe that there is a certain relationship and as I see it, people on nearly al levels are no longer smitten with him and I reckon that it is about to get worse. But in this I am speculating and I have no data other than the one I see and it gives what some call a ‘hinkey’ setting of the American economy is about to take a dive, because as I see it, there is only so much you can ‘misrepresent’ and deception gets seen by all who are mulling the numbers over and the captains of industry that the USA has, will see that the ride is over. As I see it, the the numbers are given and the United States of America is showing a mere 1% gain, the threshold for pushing that place into a recession will be met and as I see it, it will be a nasty separation between the United States of America and the business world. The place to hide it all will be goin, going, gone. 

Could I be wrong?
That is an important questions, I always look at the setting that I could be wrong and it is the same here, But when you look at the AOL article in combination with the CNN article shows a setting and it is not alone, the stage that David Kelly, Chief Global Strategist at J.P. Morgan Asset Management gave us last October is showing us that these two articles are a little more alarming than we think they are. And when we see that the Strategista Globalis Princeps was a little more on the money than perhaps even he saw the stage towards recession is almost complete. It merely needs 2-5 American billionaires to take a runner towards the zero tax sands of Monaco, the UAE or the Bahamas for the panic buttons to be pushed which will make the lines of recession to be a decent certainty.  But in all this I still could be wrong because I react to media and as long as their reliability is too low, there is every chance that my view will be wrong too.

So have a great day and feel free to enjoy the last day of your weekend. The end of mine is a mere 100 minutes away.

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February 15, 2026 · 22:37

Who are they kidding?

That was what I was thinking when I got the following news articles. First there was ‘Rubio says US and Europe ‘belong together’ despite tensions’ (at https://www.bbc.com/news/articles/c2lrdq47149o), which is astounding as Rubio’s administration wanted to court someones else’s partner, fuck that partner and take whatever they could get (which is my version of the state of affairs) and I am pretty certain all Danes see it in the same way. So when we get “The US secretary of state told the Munich Security Conference: “We do not seek to separate, but to revitalise an old friendship and renew the greatest civilisation in human history.”

He criticised European immigration, trade and climate policies, but the overall tenor of the closely-watched speech was markedly different to Vice-President JD Vance’s at the same event last year, during which he scolded continental leaders.” I personally see the setting of “the overall tenor of the closely-watched speech was markedly different to Vice-President JD Vance” is (as I personally see it) set in two ways. The first way is that America is now ‘scared’ that like Canada, the EU will tighten trade settings with China and that ends a few things right there and right quick. The second one is that they are also worried that cash will run out before this administration leaves the White House, something that is becoming a real fear for them. They make claims on the ‘massive’ wins their economy is making, but the American people aren’t seeing that. Moreover, big tech just shed 165,000 people and at least 127,000 were let go in 2025. All these people need jobs and these jobs aren’t coming (back) and that is before you take into account what damage the hospitality is showing. The larger settings here are numerous ways that certain people aren’t being made aware of. Al Jazeera gives us ‘The US economy seems strong after a year of Trump, but is it really?’ (at https://www.aljazeera.com/economy/2026/1/19/the-us-economy-seems-strong-after-a-year-of-trump-but-is-it-really#) where we see “experts say, is that the stock market boom has helped to mask deeper underlying problems in the economy.” As well as “despite the impressive GDP numbers, that growth is not being accompanied by an increase in hiring. While hospitality and healthcare added workers last year, retail, manufacturing and construction – sectors that rely heavily on migrants – all shed jobs.” So basically these tech companies are doing decently well because they shed 127,000 jobs. Costs down, profits up. That is how I see it. And that is the preamble of a brain-drain, because the people need jobs and they will work for whomever pays them. And these so called ‘high potential workers’ will accept a job at ADNOC (or Aramco) to provide for their families, as such the brain-drain begins and they are nervous, because the Europeans are in pretty much the same setting and it is an employers market now. They will take the best for the jobs (as well as a few other reasons) and at that point the people will go where they are needed. And this is merely an example using two corporations. 

The second article was also from the BBC (at https://www.bbc.com/news/articles/cjrq2r9y278o) where we see ‘‘Trump will be gone in three years’: Top Democrats try to reassure Europe’ and as I see it, it is too late for that. They elected a president that made a mess of things, he is accused of appeasing Russia and has tried to take their lands and threaten them. There is something seriously wrong in the areas of the Unites States of America. So whilst they hear ““If there’s nothing else I can communicate today,” California Governor Gavin Newsom said at a conference event on Friday, “Donald Trump is temporary. He’ll be gone in three years.”” 

And there is the realisation that in three years there might not be a United States of America left. The mess is too intense, the chaos is unabating and the American administration mess with their ICE and other settings like the U.S. Customs and Border Protection (CBP) issues, the VISA integrity issues, the alleged data phishing settings and that is merely the first setting. It will take the best part of a decade to optionally win back Europe and the Commonwealth and they don’t have that kind of time. They too have their issues and together it might have worked out. With this administration the Commonwealth and the EU are seeing a non-option in play and that is the setting China has been waiting for. When China has the ear of the EU and the Commonwealth there is every chance that it will dump whatever bonds of the US treasury it has left and push the USA over the edge. That is an actual real fear that Wall Street has and the sugar coated messages does not alleviate that fear (like the Disney Credit Card). So these two settings are in the back of the minds of the shakers of the EU and the Commonwealth. So whilst we get ““The reason we’re here is to provide reassurance that we understand how important our European allies are,” Democratic Senator Jeanne Shaheen of New Hampshire said.” Their nation has elected a president who does not feel that way and that is the reality for the EU and the Commonwealth for at least three more years. A setting that seems to be lost on these people, or they might not be able to fix that problem. So after the first failed attempt to impeach him, he was convicted of 34 felony counts, he was reelected and makes a bigger mess of things and there is nothing the other side can seemingly do. As such the EU and the Commonwealth have had enough of that and they are looking for other options and in the back there is China looking at what is in it for them. And as I personally see it, China is merely one slam-dunk away from total victory. If the setting of “The EU faces a significant trade deficit, which exceeded €300 billion in 2024, prompting calls for more balanced trade.” I reckon that if China finds a solution when that deficit is lessened by at least €250 billion, the EU will consider that move and it will not be too costly for China either. Because the open door will give rather large opportunities and should their solutions be brought to the Middle East and the EU, China will be getting the better part of the deal, whilst diminishing the current footprint the USA has on these two regions. A setting that most fear, or they are in dubio because of what the USA ‘spouts’ (as the term goes) but the larger setting is out in the open and the actions of this President aren’t helping anyone, least of all the people of the United States and as I see it, should PM Mark Carney take the lead and set the trades in a prosperous setting towards the EU (and Canada of course) The Republicans and the United Stated are truly done for. Consider this nightmare, Microsoft out, LibreOffice and Tencent technology in. That could be a 20-40 billion a year hit to Microsoft and connected services. Then we get American Tower Corporation out and Huawei in. That is not a given, but the likelihood of that happening becomes more and more realistic, the actions of this America Administration is making this so and the American Tower Corporation is set to 149,000 communications sites and nearly 107,000 properties internationally. Now this will not go in a day, or even a year, but when these two, merely these two corporations shed 10%-20% revenue. It is my believe that the US Debt will strangle America within 2-3 years. That is the one setting no one is looking at and now that China has a dialogue with PM Mark Carney and Ursula von der Leyen that setting becomes as real as it can be. The question is how ready is China to take that lead, or perhaps they want to wait a year for the setting of the USA to become almost desperate, because there is only so much the USA can hide in papers and they are running out of space. 

Am I a doom speaker? I am speculating to a larger extent, but who knew that these two companies could throttle the USA? Who saw the Microsoft v OpenAI break up coming? Just simple questions that should be on the forefront of many minds and the problem is that the media is no longer to be trusted, it goes against their need for the digital dollar. The clickbait hype that too many media are focussing on. So where is the real news? Who had heard of the American Tower Corporation? Simple questions really. 

So have a great day and consider that Coffee with cream and sugar is written as “加奶油和糖的咖啡” till next time.

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February 13, 2026 · 14:59

As the world grows smaller

That is at times the setting, not because we are shrinking, but people leap with larger bounds, seek more distant settings and as distant settings become more and more reachable we seem to be shrinking. For the world this also means that other means become available. And here The United Arab Emirates take a leap, more specifically the ADNOC (Abu Dhabi National Oil Company) seeks to deliver LNG, more even better stated more LNG to the world as we are handed that “Abu Dhabi National Oil Co.’s shipping arm is evaluating the purchase of liquefied natural gas tankers as the state producer accelerates its push into global gas trading. Adnoc Logistics & Services may order four to six vessels to support the group’s expanding international business, Chief Executive Officer Abdulkareem Al Masabi said in an interview Wednesday. The order would come in addition to 14 LNG carriers already contracted to serve export projects in the United Arab Emirates.” this comes with the added setting of “Some of the new tankers could be ordered this year if a decision is taken to buy them, Al Masabi said without disclosing the potential cost. The company said Thursday that it continues to monitor developments in the global LNG market, but no orders for additional LNG vessels have been decided. Expanding the fleet would give Adnoc greater flexibility to market cargoes internationally rather than relying solely on long-term contracts.” Come to think of it, I wrote ‘Sinking a dilemma’ on February 1st 2026 (at https://lawlordtobe.com/2026/02/01/sinking-a-dilemma/) seems like a nice coincidence, because that tunnel might avoid several pressures. And as we are given “Al Masabi also said tensions in the Red Sea have “calmed down,” though the route remains sensitive after months of attacks by Iranian-linked Houthi forces prompted many shipping companies to avoid the area. Some operators have recently resumed or increased voyages through the corridor.” This doesn’t cover the pressures there were, but it is related. If there are more options, more and more countries will hammer the Houthi forces with drones (and optionally actual aircrafts) to keep the Houthi population down (preferable close to zero). But these forces rely on Iranian support and at present Iran is walking a fine line. I personally am still open to the destruction of their oil reserves as an empty coffer wouldn’t allow them to buy any DLE-170 170CC Twin Two-stroke part, as such the problem also goes away. Yes, I know it is a figment of my imagination, but the idea that the Iranian Credit Card is no longer allowed to be used to buy any weapons is a nice dream to have. And as we are also given “Adnoc L&S is adding vessels to handle rising domestic export capacity. The company will take delivery of two LNG carriers this year — adding to four already received — to transport gas from Abu Dhabi’s existing export terminal at Das Island. A further eight ships will serve the Ruwais LNG terminal under construction on the Gulf coast, which is scheduled for completion in 2028.” As such (as I see it) Emirati export is going nicely in an upward setting. 

But personally (which might rely on flawed logic) there is every chance that people working in the oil and gas industry might also find employment there. It comes with all kinds of settings (not all seen as positive) as you might find yourself doing a tour on Das Island which is around 173.4 KM away from the party centres of Dubai and Abu Dhabi, but I reckon that its airport makes that trip in under an hour (call for specifics +97126063622). And that is the symbiosis you would want, work hard all day and twice a week (or a weekend) splash it around in either two places. But I might be oversimplifying the problem. 

What does matter that ADNOC has a growing availability of something almost the entire world needs and that makes it a sellers market. So get your orders of LNG in quick, once the contracts are signed the abundance goes away for you.

Have a great day, time for me to seek out the coolness of ice coffee and take a small walk.

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February 12, 2026 · 16:10

Bank on this

Early this morning the Khaleej Times alerted me to a story (any https://www.khaleejtimes.com/business/finance/united-arab-bank-posts-45-surge-in-2025-profit-as-assets-and-income-climb). Now we all assume that banks make all the money, but that is not the whole story. You see under Sharia law banks have ‘limitations’. Or perhaps better stated “Islamic banking operates under Shariah law, primarily prohibiting interest (aka: riba), excessive uncertainty (aka: gharar), and gambling (aka: maisir). Key rules include mandatory asset-backing for transactions, sharing risks and profits between bank and customer, and investing only in ethical, halal businesses. Common structures include Murabaha (cost-plus financing), Ijarah (leasing), and Musharaka (joint venture).” Are settings that an islamic banks need to adhere to. So when you see these ‘limitations’ and then the Khaleej Times gives us ‘United Arab Bank posts 45% surge in 2025 profit as assets and income climb’ we might see another side, mainly the side of how well the UAE is doing at present. The subtext “A key highlight of the year was the Sharjah-based lender’s successful Dh1.03 billion rights issue, which increased the bank’s paid-up capital by around 50%” with the added “The bank recorded a net profit of Dh438 million for the year ended 31 December 2025, up from Dh301 million in 2024. Total income climbed 31 per cent to Dh797 million, fueled by what the bank described as “strong momentum” across its core businesses. Non-interest income surged by 56 per cent, while net interest income rose 24 per cent.” this is what I call a massive boost to the UAE economy, so whilst you are getting fed up (tired too) on how bad the United States is doing, you see here an example on how it could be done and people better consider the fallout, because at present any dollar (Euro’s and Pounds too) that aren’t currently being invested in Europe, America, Commonwealth, Europe and a few other places are likely being invested in the UAE. I don’t know how well Saudi Arabia is doing, but it is doing a lot better than Europe. So when we get to “Chairman Sheikh Mohammed bin Faisal bin Sultan Al Qassimi said 2025 marked a pivotal year for the bank as it celebrated its golden jubilee and unveiled a refreshed brand identity. “It proved to be a transformative period for UAB, reinforced by decisive strategic initiatives and robust financial performance,” he said. “Operationally, the Bank delivered solid profitability, supported by disciplined execution, prudent risk management, and enhanced operating leverage.”” You know that they are doing it right and a strong willed and able minded board of directors was at the head of that setting. I reckon that the western world will eagerly look at the reports of SAMA (Saudi Central Bank) and the CBUAE (Central Bank of the United Arab Emirates). Because as I see it, the 2025 results are merely the beginning and if my predictions hold firm, the Western world (and its banks) will come under the spell of ‘Dry Well psychoses’ soon enough and when the opportunities of Wall Street dry up because of the economy in the United States, these two countries will get a lot of opportunities ‘handed’ to them and whilst we might worry about the Influence they will gain, these ‘new’ banks will have to adhere to Sharia law and the laws of the land, which prohibits them from making certain steps. So while we might stop at “UAB also reported healthy asset quality, with a net reversal of impairment charges amounting to Dh51 million, translating to a cost of risk of –41 basis points. The bank attributed this to strong recoveries and its “robust risk framework.” Its cost-to-income ratio improved to 46 per cent, down from 52 per cent the previous year, while return on shareholders’ equity stood at 16 per cent.” Banks on a global setting haven’t seen this since the post-WWII Golden Age, which went from 1950–1973, as such the last really successful ‘boom’ period was 53 years ago, so you better bet on the non-Islamic banks taking notice at present. Whilst President Trump will be wondering where the money is going to and he might wonder why no one is betting on his ‘beautiful’ bills, I get the notion that banks might want to vacate towards the settings of SAMA and the CBUAE at their earliest convenience, especially as this comes with an almost certain guarantee for return on their investors. As such I noticed the settings we are given and I wonder how well ADNOC is doing in all this, because their profits go somewhere, don’t they and as I see it, the CBUAE is a safe bet to consider. 

Have a great day today, Perhaps tomorrow I get to write on some gaming IP. 

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