Mohamed El-Erian, Yen Intervention Unlikely to Succeed

Sept. 15 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., talks about Japan's intervention in the foreign-exchange market to weaken the yen. El-Erian, speaking with Tom Keene and Ken Prewitt on Bloomberg Radio's "Bloomberg Surveillance," also discusses the ineffectiveness of economic policies. (This is an excerpt. Source: Bloomberg)

Marc Faber : UAE market only in a bottoming phase

Celebrated analyst Dr Marc Faber told ArabianMoney he thought that the UAE stock market is ‘probably in a bottoming phase’ rather than at the start of a major rally as some market participants clearly hope.
The 2.4 per cent rise in the Dubai Financial Market on the first day of trading after Ramadan was fairly subdued considering that the Dubai $23.5 billion debt deal had been finally announced at the weekend. Trading volumes doubled, but then they have been very low. Abu Dhabi stocks also gained but by even less than Dubai.
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Geopolitical Problems Will Rise In The Next 10 Years

Marc Faber :Geopolitical Problems Will Rise In The Next 10 Years
"I believe geopolitical problems will rise in the next 10 years and could have a devastating impact on financial assets.""Gold and silver, in an environment of money printing and geopolitical problems, will one day be worth substantially more,"


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