Keiser on ‘Tsunami alert’: Dubai debt crisis awakes storm?

Dandelion Salad

RussiaToday
November 27, 2009

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.

see

Keiser Report №2: Markets! Finance! Scandal!

On the Edge with Max Keiser – 26 November 2009 (1/3)

On the Edge with Max Keiser . . . and Greg Hunter – 26 November 2009 – (2/3)

On the Edge with Max Keiser . . . and Greg Hunter – 26 November 2009 (3/3)

4 thoughts on “Keiser on ‘Tsunami alert’: Dubai debt crisis awakes storm?

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  4. Max nails this one …

    The beginning of the second stage of the financial crisis. Now it is CRE … commercial real estate … falling along with Housing.

    I agree with Max, we’re not even half way through this mess. They were hoping to keep the meltdown in slow motion where they could respond in kind quickly. This could be the start of a run away rain … Citi Bank is closing in on less than $4 a share … watch that one …

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