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Keiser on 'Tsunami alert': Dubai debt crisis awakes storm?



November 30, 2009 – Comments (2)

Fresh fears over the size of Dubai's debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country's largest conglomerate, wants to suspend payment on its sixty billion dollar debts until next May at the earliest. RT's financial contributor Max Keiser says the World is entering the Phase Two of the global economic crisis.

2 Comments – Post Your Own

#1) On November 30, 2009 at 3:59 AM, Toburk (< 20) wrote:

Stocks in Asia appear to be up strongly at the moment.


Flight to safer harbours or good news?

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#2) On November 30, 2009 at 8:28 AM, dickseacup (< 20) wrote:

Six weeks after $25 billion in bailout funds was given to Citi, because they were too big to fail (yet failing, nonetheless), Citi loaned $8 billion to Dubai. Your tax dollars at work.

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