You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Dubai effect starting to spread
- Thread starter wilburbear
- Start date
haha, you said fecal
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
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
Quote from Debaser82:
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
I wonder, Debaser, if you would believe and post the same articles if Gold had not tanked on the Dubai issue.