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Nov
28th
Sat
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Dubai Credit Default Swap via Dubai Observations | zero hedge

Dubai Credit Default Swap via Dubai Observations | zero hedge

Tags: dubai   cds   government debt   default  
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Nov
26th
Thu
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Dubai Inc. asks for a standstill on its debt via Global Investing » Blog Archive » A black swan in the desert | Blogs |

Dubai Inc. asks for a standstill on its debt via Global Investing » Blog Archive » A black swan in the desert | Blogs |

Tags: dubai   finance  
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Apr
8th
Wed
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This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is a living metal metaphor for the neo-liberal globalised world that may be crashing – at last – into history.
— The dark side of Dubai - Johann Hari, Commentators - The Independent
Tags: dubai  
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Feb
12th
Thu
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How to Call The Top

It always surprises me how newspapers are able to unknowingly mark the top of any bubble with top stories talking about fortunes to be made, staggering growth and bright future. It happened with oil at $150 last july and now again with Dubai.

Here’s what New York Magazine said less than three months ago, right at the top: Escape to Dubai.
Here’s the sad reality coming up now: Laid-off foreigners flee as Dubai spirals down.

Tags: finance   dubai   bubble  
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