Is Dubai's Default a Black Swan Event? [View article]
A Black Swan yes because the $3.5 billion Dubai World debt in December was widely expected to be repaid and it will now not be repaid. $60 billion is a big hole to fill for the global banks who will be presumably now told that they are getting cents on the dollar and will have to wait for that. Indeed we do not know what they will be told yet, hence this is a Black Swan. But this also has much wider implications for global bond markets. No major financial crisis in history has ever ended without a bond crash, this is the start of a failure of government bond markets, is it not? No wonder Rothchild's is advising Dubai on this now, for more see:
12 Stocks in Focus for the Obama Era [View article]
Marc Faber is still hot on commodities but he thinks President Obama is a disaster for the US, hear the latest comments from this brilliant commentator on this post: arabianmoney.net/2009/.../
Is Dubai's Default a Black Swan Event? [View article]
arabianmoney.net/2009/.../
12 Stocks in Focus for the Obama Era [View article]
arabianmoney.net/2009/.../
A Bull Market That Few Are Buying [View article]
arabianmoney.net/2009/.../
Nothing Suggests We're Anywhere Near the Bottom [View article]
arabianmoney.net/2009/.../
Why This Rally Is Unsustainable [View article]