The Debacle In Dubai
I was a guest on two shows, BBC News’ “World News Today” and Fox Business News’ “Cavuto,” where I discussed the fallout from news that Dubai will delay repayments on $60 billion of debt from its investment company, Dubai World (videos embedded below).
As I see it, the turmoil that has occurred in global markets over the past 48 hours essentially confirms that investors in risky asset classes have not made allowances for surprises – or even predictable events. In fact, it seems pretty … [visit site to read more]
