Potential Dubai Default Rocks Financial Markets, While Dollar Soars On Panic Buying

The Business Insider ^ | 11-26-2009 | Joe Weisenthal

[EBH]

Said it earlier today:

http://www.freerepublic.com/focus/news/2395045/posts?page=4#4

[neodad]

Good thing they weren’t able to buy Newark...

[agere_contra]

Dollar up, eh?

Black Friday is going to be awesome. The market will crash start returning to a proper valuation and Shorts will finally make some money.

[EBH]

Dubai World is one of the emirate’s three big holding firms, along with Dubai Holding and Investment Corporation of Dubai. In addition to Nakheel, its affiliates include DP World, a huge port operator, and Istithmar, an investment company with a portfolio of over 50 firms in the financial services, consumer, industrial and property sectors.

...was a shock partly because Dubai World had said last month that a previous restructuring plan, prepared with AlixPartners, the turnaround experts advising on the General Motors

http://www.reuters.com/article/newsOne/idUSTRE5AO4J820091126

[org.whodat]

No they can only afford a few republicans now. LOL

[Oldpuppymax]

Not to worry. I’m certain our US Muslim-in-charge will lend them any amount they wish, with no anticipation of repayment.

[Memphis Moe]

Our “our US Muslim-in-charge” will tax Wall Street to pay for his brother’s shortfall.

Smooth.

[Memphis Moe]

Will the Dubai default have any effect on the critical need to reform healthcare in the US? I mean, I hope this event does not take away the MSM focus on getting critical Senators to bend for the ultimate HC takeover.

[narses]

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Obama Says A Baby Is A Punishment

Obama: “If they make a mistake, I don’t want them punished with a baby.”

[Cicero]

I’m not sure whether the dollar will stay up. It’s already pulled back a bit. And gold went back up to its earlier levels this afternoon.

[EBH]

You might want to look at these connections:

http://www.menafn.com/qn_news_story_s.asp?StoryId=1093189875

And gee...they do this
http://www.insuredirect.ae/index/index.php?option=com_content&view=article&id=9&Itemid=10
Private Medical Insurance

And spin it one more time to this
http://www.insuredirect.ae/index/index.php?option=com_content&view=article&id=11&Itemid=14

WBN benefit professionals offer a variety of human resource consulting capabilities to meet challenging benefit, compensation and human resources needs globally. These services include:

Employee benefits
Executive benefits
International benefits
Merger/Acquisition
Compensation & Human Resources

Oh...and one last time to over here:
http://www.wbnglobal.com/default.asp?ID=3&Country=16

---

So yeah...it just might pull the plug on some private insurance.

[Revel]

If previous patterns hold then my guess is that one way or another the money will show up to pay there debt. Maybe the IMF with there 600 billion fund. After that the markets will rocket shot again. They will shift money around and manipulate things as long as the governments can get away with it.

[MeneMeneTekelUpharsin]

The market will crash start returning to a proper valuation and Shorts will finally make some money.

When will you guys learn? The market numbers are mere fabrications. The "markets" will finish up, that is green, Friday. Hide and watch, wait and see. All reports are lies.

[sunmars]

The moral of Dubai is

never let your children play in a sand-pit because animals crap in a sand pit, its a litter tray.

Dubai is a sand-pit. Work it out.

[FromLori]

Dubai’s Shock May Not Be Last

Snippet
Dubai’s decision may mark a watershed. Throughout the crisis, governments have looked to prop up some assets: After the global-banking bailout, support was extended to some auto makers in the U.S. and Europe. At a sovereign level, countries have banded together to provide support to peers in trouble, such as Latvia. Dubai itself set up a Financial Support Fund for its government-related companies.

But this support carries a cost. Governments are under pressure to rein in borrowing, particularly as central banks start to withdraw stimulus measures, thereby removing some of the support for government-bond markets. As a result, they may no longer be able to provide such wide-ranging support. The result could be more nasty surprises as governments cast other nonviable investments adrift.

http://online.wsj.com/article/SB10001424052748703499404574559983480163744.html

[NeoCaveman]

If current relationships hold; the dollar rise will correspond a proportional drop in the stock market.

[Thane_Banquo]

S&P 500 futures down about 2% this evening.

[drummer10]

To All:

Yet another "60 Minutes" piece that has crashed like the East Berlin piece, like the First Gulf War piece...

Will CBS admit to it's error/propaganda "Reporting?"

:-)

[bigbob]

Obama would probably make them a deal on all of north Jersey now. Maybe even throw Rhode Island in on the deal...