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#1
11-26-2009, 11:37 PM
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Dubai debt move 'carefully planned': top official
Nice move. Roll it out at the start of the largest American holiday, let the world markets respond, then wait to see how the U.S. market responds the following day before everything closes for the weekend. Gotta hand it to them, it was clearly well thought out. (the announcement strategy, not the original investments made in the first place...)
--------- Dubai's move to suspend payments on its Dubai World conglomerate's debt was "carefully planned" and done in full knowledge of how the markets would react, the chairman of the Supreme Fiscal Committee said on Thursday. "Our intervention in Dubai World was carefully planned and reflects its specific financial position," Sheikh Ahmed bin Saeed al-Maktoum said in a statement. "The government is spearheading the restructuring of this commercial operation in the full knowledge of how the markets would react. We understand the concerns of the market and the creditors in particular. "However we have had to intervene because of the need to take decisive action to address its particular debt burden." However, Sheikh Ahmed insisted that "unprecedented growth, in Dubai and across the (United Arab Emirates), over the past decade has helped lay the foundation for what is now a broad-based sustainable economy beyond just natural resources." MORE: http://www.breitbart.com/article.php...show_article=1 
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#3
11-27-2009, 01:36 AM
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Huge Dubai debt shock rattles world markets
Hmmm...this might be good for us after all...
Quote:
Interesting article... http://www.businessday.co.za/article....aspx?id=88209
__________________
"If the control of the economy is not in the hands of the majority of Americans then neither is political control."
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#4
11-27-2009, 10:59 AM
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The tree-shaped island is eroding into the Gulf, the world's tallest building ( Burj Dubai hotel ) sits empty near the end of construction, foreign nationals are being scurried away out of their labor jobs by the hundreds of thousands, Dubai World is a frightful drain on the one resource they sell ( energy ), and $60 Billion in debt can't be serviced. "How can we spin that"?
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#5
11-27-2009, 11:06 AM
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'carefully planned'??????
Dubai debt move 'carefully planned': top official
Those deadbeats carefully planned to stiff everyone on the planet? They're in la-la-land.
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#6
11-27-2009, 11:10 AM
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Quote:
Cory.... Hey, that's OUR plan!
__________________
.: "The Constitution died years ago! It would be kind to say that hardly anyone noticed. In reality, most cheered." "It may be that the American people aren't educated, or interested enough to sustain a free society." P.C. Roberts :.
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