Tuesday, 13 November 2007
Calling the top
In 2001 it was the headline grabbing tie up of AOL and Time Warner (later to lead to the biggest corporate loss reported ever, $99 billion!).
So today could it be the Saudi Prince who bought an new A380 as a toy?
Even in the highly competitive world of Billionaire one-upmanship this surely sets a new record. Although someone this month has also paid £83 million for a small flat in Mayfair.
Generally though, when the splurging excess reaches the heights of this, buying an over-expensive jet airliner as a toy, things always point downwards...so could this be the sign?
Or is it in fact the other way round; with Saudi petro-dollars being released back to the global economy at last? Could this be the start of the rebound?
What is your money bet on?
Posted by CityUnslicker