Dubai: Why, Yes, Our Collateral Is Underwater. Why Do You Ask?

{ Posted on Nov 27 2009 by Economics - Today's Popular Articles at http://www.inveslogic.com }
Paul Krugman is judicious and sober: Rashomon in the desert: Dubai or not Dubai that is the question. Dubai s sorta-kinda default (a state-owned enterprise seeking a rescheduling of its debts) is, by itself, not that big of a deal. But who els...

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