Some rantings
Nov 27 Msia on holidays, as equities and currencies/commodities crash as the dumb money runs for the exits. Dubai POTENTIAL default cited. The evil forces do time it very well, on Thanksgiving/Haj holidays.... It is times like this when you are thankful to be 'light'
Cable 15 min shows the sell then covering...
The 'breaking news' from bloomberg.com: (they use it to instill fear)
Breaking News
•Stocks, Commodities Drop on Dubai Debt Concern; Credit-Default Swaps Surge
•Yen Strengthens to 14-Year High, Prompting Speculation Japan to Intervene
•Japan's Hirano Says Rapid Currency Moves Are `Undesirable' as Yen Rallies
•RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says
•Dubai Debt May Exceed $80 Billion on Off-Balance Sheet Liability, UBS Says
•Shipping Has `Trouble Building Behind Dam,' Ex-Baltic Exchange Head Says
•Sony, Toyota, Japan's Exporters Are on `the Edge of a Cliff' as Yen Surges
•Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen
•Philippines Mayor to Face Seven Murder Charges for Massacre of 57 People
•Yen Strengthens to 14-Year High, Prompting Speculation Japan to Intervene
•Japan's Hirano Says Rapid Currency Moves Are `Undesirable' as Yen Rallies
•RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says
•Dubai Debt May Exceed $80 Billion on Off-Balance Sheet Liability, UBS Says
•Shipping Has `Trouble Building Behind Dam,' Ex-Baltic Exchange Head Says
•Sony, Toyota, Japan's Exporters Are on `the Edge of a Cliff' as Yen Surges
•Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen
•Philippines Mayor to Face Seven Murder Charges for Massacre of 57 People
Labels: credit crunch, Dubai
posted by emacro @ 5:47 PM
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