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But we saved everything 🙂.
Axel Merk highlights that Dubai's real estate market is recovering. He suggests this rebound may indicate that market participants view the Iran war as being in the past, though he characterizes real estate as a lagging indicator since the recovery is showing in April.
Axel Merk has previously referenced closed-door FOMC discussions by Kevin Warsh before the financial crisis. He also brought attention to Fed independence as a lead topic at a recent monetary policy conference. These earlier remarks complement his current focus on real estate trends.