On November 27, 2009
Analyzing The Dubai Ports Default Chaos
This week, speculation has been running rampant that developed countries are about to default on their government bonds. Tuesday, something of a pre-Thanksgiving rally formed around credit default swaps (CDS) on government bonds of Italy, Greece, the U.K. and the U.S. But it is an oil-rich city state that has become the first perceived default casualty: Dubai.
0 Comments