One thing is for sure. Abu Dhabi will have have to sell oil at $30 to make up for this debt. Back to days of low oil and there goes all the alternative energy plans.
On Fri, Nov 27, 2009 at 11:53 AM, Sniper Trader <snipertrader@gmail.com > wrote:
2012- Planet Niburu (planet x) will enter earths orbit- Anunnaki's will visit us and proclaim as our gods- World will be a happy placeNo, i am not making this up.Cheers!On Fri, Nov 27, 2009 at 11:48 AM, Brijesh Janardhanan <brijeshjana@yahoo.com > wrote:
2012 = Towering US debt
From: kk s <kumar40@hotmail.com >
To: technical-investor@yahoogroups. com
Sent: Thu, November 26, 2009 10:07:10 PM
Subject: RE: [Technical-Investor] Dubai Default
21st Dec 2012
kumar
To: Technical-Investor@ yahoogroups. com
From: bees2365@yahoo. co.in
Date: Fri, 27 Nov 2009 11:15:58 +0530
Subject: Re: [Technical-Investor ] Dubai Default
In Tamil, there used to be a folklore which says empires will fall after building tall or monumental structures. They used to quote the Chola dynasty for that I saw that happening in Malaysia afteR Petronas Towers. Now in Dubai. When is China? Sriram
B.Sriram
4B, Skylark Apts,
6,Rutlandgate Fifth St.,
Chennai-600006
Ph:+91 44 28334849(Dir) /28332373( Board)
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Email:bhsppt@gmail. com
--- On Fri, 27/11/09, Sniper Trader <snipertrader@ gmail.com> wrote:
From: Sniper Trader <snipertrader@ gmail.com>
Subject: [Technical-Investor ] Dubai Default
To: Technical-Investor@ yahoogroups. com
Date: Friday, 27 November, 2009, 7:58 AM
Good Morning Working Drones -
Today's news carries a series of unexpected and surprising headlines when the Dubai Government announced that Dubai World will ask creditors for a standstill agreement to extend the maturities of all debt repayments by Dubai World and its property unit Nakheel until May next year.Now the interesting thing here is that the bets on Dubai's default (using CDS and other wall street toys) weigh in much higher than the actual default.What is also interesting is....the news was released on a US market holiday.This COULD have huge ramifications for the marketsEquities will react....thats a no brainer...but the USD could strengthen.. .putting further pressure on global mkts including commodities.The play book move would be what we saw when Lehman collapsed- USD strong- Equities Weak- Commodities WeakSomehow i feel, things will be slightly different this time.I am watching the CDS mkt space for more clues..looks like Greece is next!Cheers!
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