Dubai

Morgan Stanley fears UK sovereign debt crisis in 2010 - Telegraph Goldman Staff Packing Pistols to Defend Against Peasants - Yves Smith FT.com | Willem Buiter's Maverecon | Πάντα ῥεῖ (Mavercon is dead.) interfluidity - Good…

These past few days saw some light posting. As December hits, I hope to be back up-to-speed with more posts. In the meantime, here are today’s links. How President Obama Can Take Back His Presidency -- New York Magazine Cristiano…

This post from November 2009 is a reminder of how things looked in the sovereign debt crisis just a few months ago.

Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52 - Bloomberg.com (R.I.P.) Audit would hurt economic prospects: Bernanke | Reuters (I doubt many believe this) London Luxury Home Prices Increase for First Time in 17…

By now you have heard that Dubai World, the investment company, has asked its creditors for a six-month delay in repaying its debt (see articles in links).  This is what is commonly referred to as default. Now many are wondering if…

Dubai's dramatic boom over the last decade in pictures - Telegraph BBC NEWS | Americas | Facing a sixth trial for the same crime BBC NEWS | Middle East | Views from Dubai: 'The end of the dream' Dubai debt delays revive fear…

Geithner’s Disgrace - Eliot Spitzer FT Alphaville - FDIC’s insurance in the red, ‘problem banks’ hit 16-year high Should America worry about its deficit? | The Economist House prices 'must drop radically' to lure investors -…

This comes via the FT: Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by…

Obama's Pick, From The Start - Marc Armbinder "The process ended where the President started. In November, a few days after he was elected President, Barack Obama convened some of his most trusted advisers in a private meeting for an…

Interfluidity :: Continuous bankruptcy Suggesting an in-arrears convertible cumulative preferred equity. Cumulative means that if the issuing firm has skipped some dividend payments, the firm is said to be "in arrears", and…