Tuesday, December 01, 2009

Essential reading

Dubai World... Might not be bailed out by Dubai govt money, according
to minister of finance on dubai tv...

His thoughts were that its not a government company.
Read more:
www.telegraph.co.uk/finance/financetopics/.../Dubai-government-will-not-
guarantee-Dubai-Worlds-debts-says-top-finance-official.html

How should capitalism run its course?

I highly reccomend this article:

http://blogs.ft.com/maverecon/2009/11/the-intrinsic-unimportance-of-dubai-world-and-the-important-wider-message-it-conveys/

My personal opinion is to tread carefully, lest creditors stifle
cashflow to trade here. An irrational fear... Or is it?

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