ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
UK banks owed $5bn by Dubai World – FT.com / Middle East / Finance UK banks have an aggregate exposure to Dubai World of about $5bn, the Financial Times has learnt, confirming them as the biggest creditor group at the crisis-hit emirate holding company. (tags: Dubai debt default banks United_Kingdom) The recurring gold "bubble" A … Read more
“Mish” posted the latest chart from the Investor’s Intelligence Survey, and it shows that bulls are back up to 50% and bears have hit a new low for the year at 16%. (You can directly access two years of data using the chart tool at Schaeffer’s Investment Research). He also noted that bears have only … Read more
Now that major markets worldwide have completely recovered from the Dubai debacle of last week, it is easy to consider this episode just another blip on the way to eternal bliss. Not even the U.S. dollar could sustain more than a mirage of strength on this “temporary crisis” (I had thought that even after the … Read more
The dark side of Dubai – Johann Hari, Commentators – The Independent Once the manic burst of building has stopped and the whirlwind has slowed, the secrets of Dubai are slowly seeping out. This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is … Read more
Dubai business leaders, media say woes overblown | Reuters Dubai media and several business leaders rallied to support the Gulf Arab emirate's efforts to manage its debt crisis, saying problems have been exaggerated and the impact of restructuring overblown. (tags: Dubai debt default bubbles) New crisis ahead? 5 things to watch – Jon Markman …the … Read more