well done,I actually looked for this in the news.this probably is good prediction though.all depends on if Goldman has losses.
lol - Right if Goldman has losses the fed will jump in. Their probably on the phone now working a bailout deal. My guess is Abu Dhabi will show up, to save the day & the markets will pop up on the news. :-}
I fell for this and didn't even question its authenticity. Why would I, what you've put forward is the Greenspan Bernanke de facto policy for all debt defaults, large corporation, sovereign...it doesn't matter? ...We'll just print more money, bail out the banks because 'Joe Public' would suffer, keep rates at zero for ten+ years... Oh yes, and you forgot to mention the agreement for another co-ordinated government stimulus package at the upcoming G20...some more Keynesian economics to go with the monetray stimulus is what we need!
Dubai is tiny and wholly irrelevant to the global economies. The markets were overbought. This is a good excuse to take profits.