British banks at contagion risk from Dubai crisis fall-out
Dubai World’s biggest creditors are the British banks and half of them are effectively state-owned after the financial crisis. This is the contagion link between an isolated debt problem, albeit a large one, in a…
Read more »
Exit equities for cash, bonds or gold?
The UAE Central Bank is making fresh liquidity available to its banking system today to meet an expected rush to the door by holders of local equities, bonds and cash by investors worried about Dubai…
Read more »
Monday crash for Gulf stock markets inevitable
Will the Gulf stock markets decide to close and take an extra day for their Eid holiday on Monday? Certainly in the UAE with a closure for National Day on Wednesday it must be tempting…
Read more »
Is Dubai right to face its Day of Reckoning?
Next week financial markets will be looking for some pretty speedy answers from Dubai after the sudden decision to suspend payments on the debt of Dubai World.
If the intension is to ring-fence a particular…
Read more »
Is Dubai debt crisis another Black Swan event?
Did I hear the last commentator arguing ‘this time is different’? As the great investor Sir John Templeton noted these are the four most expensive words for investors!
Dubai starts phase two of global economic crisis
Jim Sinclair on why Dubai debt crisis is not a gold price top
What is the essence of the Dubai request for debt payment delay (a technical default)?
1. Will an implied Dubai Federal Guarantee of the debt of state owned corporations be honored in Dubai and elsewhere?…
Read more »
Dubai debt crisis harbinger for a global bond crisis?
To say the debt moratorium declared by Dubai World last week rattled global markets is an understatement. The earth really moved but this is probably nothing compared to the later bond market earthquake that is…
Read more »
Time to sell and lock in profits on stocks or go short
The news from China about credit tightening and the Dubai debt moratorium brought global stock markets tumbling yesterday while the Middle East markets were closed for the Eid holiday and the US for Thanksgiving.
US…
Read more »
