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As with any big comeuppance, I hear a lot of Dubai "duh"s from folks now.
"Of course Dubai's investment arm was setting itself up for problems as it built ski slopes in a desert, man-made palm-tree-shaped islands, and, well everything short of castles in the sky [see a video of this stuff here] ... all on top of a mountain of debt."
Just like there are a lot of "duh"s around Citigroup
Sure some people saw it coming (perhaps you?), but for most of us, because it was off our radar, because we just assumed oil would take care of any excesses, or because we bought into the "if you build it, they will come" thesis, Dubai's debt crisis was a shock.
Here's an example. If you've been following the City Center project in Vegas -- a joint venture between MGM
Not me. Of course, I never did a deep dive on Dubai's investments.
I'm curious what potential disasters you may know about that the rest of us have missed. Here's your chance to mark down "the next one coming" and stake your claim to being a foresight genius ... specifically, what high-flying company is in for a fall?
Anand Chokkavelu owns shares of Citigroup but no other stock mentioned in this article. You can follow him on Twitter. Amazon.com is a Motley Fool Stock Advisor recommendation. The Fool has a disclosure policy.