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Dubai in serious trouble

huh? cut loss only? aya...shld b more than that! u SHORT more !! ..if u cannot beat them...JOIN them ! :P y let go the chance by just cutting loss instead of SHORTing more to make it back ?!?!? :D  ...stock prices in any mother stock u see in SGX...particularly..bluechips are OVER VALUE anyway ! :P time to SHORT ! :D gd luck ! :P hee....

cheongwee      ( Date: 27-Nov-2009 19:25) Posted: whatever happen, just protect your capital...dont like last times...hold till low,, cut if necessary...good luck.

 

whatever happen, just protect your capital...dont like last times...hold till low,,

cut if necessary...good luck.

 

yes...you all are right...but dont forget those dollar disappearing into thin air thro default..so those money print are just replacing those gone..and since there are more debt...so the remain dollar is going to increase in value..

ppl know.but what can they do...they got lot of them in their vault...do they want them to go worthless?..and to replace the dollar...u got to take a few decade..not that easy...unless the world forgive US debt...can u forgive your friend hundred of thousand dollar borrowing? u cant..right

so what can gold do for you...u go back to gold standard say by gold atandard ppl cannot debase money....but if ppl want to manipulate...gold standard or not...ppl can still manipulate..

at the end of the day..;.it is the integrity of the ppl that run the show that really matter.....we need honest, uprighteous guy to run the govt...not gold standard or whatsoever..

 

If you think Dubai is going to be an isolated case of debt default from about 70 companies, then when US defaults on the world's debt, that's something to crow about ! US, unlike Dubai, is not announcing to the world yet. They have no money to pay back those interest that Sovereign funds have plowed in by the tons except by printing more fiat money, which in turn, is losing its value. Why would you want to collect dollar based-interest that is depreciating by the second?

 This Dubai thing is only chicken feet compared to what will happen to the US eventually defaulting on China, Brazil, Asia and the whole world ! The current B wave will continue to suck in more buyers next week...No doubt! 

 

God's willing !! they are OIL exporting countries...and do u think OIL can be sustain at currently price? and for how long? haha....they hv limited $$$$ ...if that almost 60billions are just a start...i think there could be more...brother or not...resources are LIMITED...so much about BROTHERHOOD ! :P

cheongwee      ( Date: 27-Nov-2009 18:14) Posted: Muslim are very close in knship...so i thk Dubai will be bailout by their rich brother Muslim.. your chance to buy the dip for Xmas rally...only Europe or USA can call the tune..much longer and deeper..but that will be in 2010..

 

1st it was Lehman and US got to print alot of paper money into US trillion of dollars to save their other bank like BoA and CITI and AIG and many, many other big names.
Now is Dubai world in a fix, six mths default payment, only oil prices can save them by stop supplying to the oil hungry world. Then again...
Just when govt one after another, just declared recession is over.
Tip of d ice berg. recession on the card over

 

Europe is turning up...may be green soon!!!

look Muslim kinship are stronger then what i know...Dubai will have no problem with their debt..

buy the dip...your Xmas present..

 

and as usual...right now gold is gaining and dollar is coming down...

follow me to buy sinomem and sinotel...

 

Muslim are very close in knship...so i thk Dubai will be bailout by their rich brother Muslim..

your chance to buy the dip for Xmas rally...only Europe or USA can call the tune..much longer and deeper..but that will be in 2010..

 

teeth53 toht: Abu Dhabi if it willing, will be sadden with more dept it can shoulder.

"If it is not, Dubai World will be going into default and that will have more serious negative repercussions for Dubai's sovereign debt, Dubai World and market confidence in the UAE in general," the statement added. "If he does not do it right, Dubai will be a sad place."

Dubai became the Gulf's biggest credit crunch victim a year ago. But its ruler, Sheik Mohammed bin Rashid Al-Maktoum, had continually dismissed concerns over the city-state's liquidity and claims it overreached during the good times.

United Arab Emirates central bank, which is based in Abu Dhabi.

The deal in Feb — seen by many as Abu Dhabi's bailout of Dubai — was part of a $20 billion bond program to help Dubai meet its debt obligations.

 

http://sg.news.yahoo.com/afp/20091127/tts-stocks-world-bonds-c1b2fc3.html Tip of ice berg.

Workers walk past Burj Dubai, one major construction company of Nakheel's projects, world's tallest skyscraper, pictured in Dubai on Nov 5. Global equities slumped Thursday, with Europe down three percent after Dubai's shock call to suspend the debt of a key state company fuelled anxiety about excessive public borrowing, analysts said.

 

Indeed, it could be a serious trouble!  Hong Kong is down by 1,075 points today!  Hopefully, Singapore's long weekend can cool the big boys' heads.

 

See yahoo news -

http://news.yahoo.com/s/ap/20091126/ap_on_bi_ge/ml_dubai_desperate_times

This is the reason for worldwide market drops yesterday. I hope the contagion doesn't spread because many international banks have exposure to Dubai.