Dubai effect starting to spread

Discussion in 'Wall St. News' started by wilburbear, Nov 28, 2009.

  1. lrm21

    lrm21

    Dubai is a non-event because the FED says so.

    If the insolvency of the American financial system 18 months out is a non issue. then Dubai is a speck of shit on Mountain of fecal matter the size of Mons Olympus.

    dont fight the fed.
     
    #21     Nov 29, 2009
  2. haha, you said fecal
     
    #22     Nov 29, 2009
  3. #23     Nov 30, 2009
  4. November 29, 2009
    Dubai`s Situation. Stock Market Reactions Exaggerated.

    "First reactions on Western markets might be emotionally-driven than rational, and opinions stating that Dubai could trigger a second global financial crisis should not be taken too seriously, as Hong Kong-based Dr Marc Faber states. The Swiss investment guru regards the alleged danger of Dubai World's impact on the world economy as 'small' and recent stock market reactions as exaggerated.

    'The global volume of bad bank loans is 50 times higher than Dubai's $80bn dollar debt', Faber told Switzerland's Cash TV on Sunday. 'Just to give you an idea how the financial crisis a year ago took shape: six months before September 2008, when Lehman Brothers collapsed, the US investment bank already had a debt of $613bn in its books', Faber adds. This figure eventually grew to $1 trillion." in Cash TV, Switzerland
     
    #24     Nov 30, 2009
  5. I wonder, Debaser, if you would believe and post the same articles if Gold had not tanked on the Dubai issue.
     
    #25     Nov 30, 2009