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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

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

U.A.E. Removes Sunday London Times From Newsstands – WSJ.com The Sunday London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid intensive reporting of Dubai's debt problems, an executive at the paper said. (tags: Dubai debt default censorship U.A.E.) The Department of Lucrative Athletics – NYTimes.com The rise … Read more

DUBAI DEBACLE – Market Nut A collection of links related to the Dubai financial debacle (tags: Dubai debt default) The collapse of an economy that was built on sand – The Independent In the years of the boom, Dubai set about building with an ambition that would have made even Ozymandias blush. (tags: Dubai debt … Read more

Swiss franc falls on reports of central bank move – Yahoo! Finance The Swiss franc fell Thursday on reports that the country's central bank intervened in foreign exchange markets to stem the export-sapping appreciation in the currency. (tags: Swiss_franc currency) Dubai debt delay rattles stock, bond markets | Reuters Shares in banks, builders and companies … Read more

The Debt Buildup The federal government's debt, stoked for years by deficit spending, has surged because of the economic crisis…when interest rates begin to rise, the government will face problems similar to those of homebuyers who took out teaser rates that jump after one or two years. (tags: debt deficit govt_spending)

Mismeasuring inflation « Inflation Watch As was the case in 2007-08, there is a discrepancy between the Case-Shiller index and the owners’ equivalent rent component of CPI, but this time the mismatch causes inflation to be under-reported rather than over-reported. (tags: housing inflation) China should stop property stimulus now -c.bank paper – Forbes.com China should … Read more

Fundamental Factors Affecting the Gold Market Interesting summary of the fundamentals supporting higher gold prices from David Hightower, President Hightower Report. Video posted on CME Group educational videos (http://www.cmegroup.com/education/videos.html) (tags: gold)

Japan's Latest Economic Ailment: Deflation – TIME While much of the rest of the planet frets about a coming rise in inflation — a consequence of economic recovery, massive stimulus spending and a weakening dollar — Japan faces the opposite problem: a potentially devastating bout of deflation. (tags: Japan deflation GDP)