New Global Financial Cris (AGAIN)

[xXNovaxX]

http://www.reuters.com/article/GCA-Economy/idUSTRE5AP1L120091127


Worrying stuff from an economic perspective

Wish more caution was made! But luckily Dubai isn't as LARGE as the financial hubs of Hong Kong, Tokyo, London.

Like, it isn't connected too much with world banks etc, mainly just rich Executives, and CEO's, residents, celebrities.

LOL i don't know, my financial understanding is clearly limited ><

[excal]

It's well connected with the oil industry though, and that's pretty much connected every single other market.

[xXNovaxX]

It's well connected with the oil industry though, and that's pretty much connected every single other market.

>< how did I miss THAT, well of course you are right ><

hmmm, I don't understand all that's going on, but the first thing I think of is unsustainable growth which has fuelled the large debt! Someone correct me if I am wrong, but I think the article said there was $400 billion debt or something =S and then I see the gigantic skyscrapers they build, and the ISLANDS they are ARTIFICALLY creating, i think pfwo.

[cardiovascular]

Media hype

[TrueLight]

Peter Schiff on Dubai

http://www.youtube.com/watch?v=CmbYVLoOn78

small debt compared to america

media hype as said above


Jim Rogers on Dubai
http://www.youtube.com/watch?v=k_29c3PKviA

[TrueLight]

Thoughts on: Markets over reacted to Dubai (Peter Schiff)
Dr. Berninger
http://www.youtube.com/watch?v=gDmX9Wr49_Y&feature=channel