Nouriel Roubini: Lessons From Dubai World

forbes.com:

t the heart of the saga is a message that investors shouldn't assume implicit government support. Credit ratings for Dubai-owned companies now reflect this lesson, based on a fundamental credit outlook, not an implicit government backstop.

Read the whole story: forbes.com

Comments

[invest in jobs]

11:43 AM on 12/06/2009

NO more bailouts. No more bonuses. Time to put people to work!

good articles; http://financeopinionss.blogspot.com

[invest in jobs]

05:52 PM on 12/04/2009

I was hoping for FDR 2.0, but instead its become waffling 2.0, deficit 2.0, banking 2.0, Afghanistan 2.0. Iraq 2.0, Guantanamo 2.0

hat tip to: http://financeopinionss.blogspot.com
so much for job creation. Unemployment falls a whole .2% and the MSM is calling it a recovery. what a joke

[jsgaetano]

03:34 PM on 12/04/2009

"Lessons From Dubai World"

Rule 1. If the Bush family is involved with a business in any way... don't invest.

Rule 2. See Rule 1.

[invest in jobs]

06:52 PM on 12/03/2009

Today Bernanke called for cuts in Social Security, Medicare. This is further proof Bernanke and the financial & technological elite want to destroy the middle class as well as every social program in existence so that the United States becomes a two tied socioeconomic system of creators and serfs.

hat tip to http://financeopinionss.blogspot.com
This assault on humanity must end.

[jsgaetano]

03:36 PM on 12/04/2009

Haven't conservatives been screaming for decades to end Social Security, Medicare, Medicaid, and every other government program?

If we need to know who humanity is under assault from, the answer seems obvious.

[chlai88]

03:04 PM on 12/03/2009

In other words, if a tree doesn't have a strong trunk & roots, it'll collapse eventually.

[tuberider]

02:54 PM on 12/03/2009

The Canary in the Oil Mine does a face-plant ! Diffuse effect? Don't ask the stiff-upper-lips (now trembling) in the Kingdom So United's banks.

[nopilikia]

02:38 PM on 12/03/2009

Implied sovereign-guaranteed is just that, implied. Had the Fed allowed "free market forces" to handle Fannie and Freddies' implied sovereign-guaranteed backing, America would be better off. Might not have been pretty, but neither is what we now.

[LunaPark]

05:03 PM on 12/03/2009

I am so tired of government intervention in these huge institutions. They need to fail. I would rather wait in a soup line than have the government bail these institutions out. The bailout is the most ANTI FREE MARKET move you can make. In fact, you cannot have free markets when the government steps in and takes the risk away. I don't know what it's called, but ITS NOT FREE!

[AllYourReligionRSilly2us]

05:56 PM on 12/03/2009

It's called Socialism for the Rich, Capitalism for the Poor.

[Atmus]

07:08 PM on 12/03/2009

Although I am inclined to agree.

I also cried for them to just let them collapse. I do not know have enough in-depth knowledge of the inner workings of many of the firms that were bailed out. (And do understand, MANY of them collapsed) It isnt like everyone single bank or business got a bailout.

But the kicker is are you/we truly ready to see what happens next after that? I asked myself this question before and it is unclear. For myself, yeah I dont think I'd have much trouble, I can grind it out with the best. But my older aunts? Parents? I do not know. It is very unclear.

My point is, be very careful what you ask for without understanding all of the repercussions that will ensue.

[a270]

01:57 PM on 12/03/2009

The point being, don't assume your T-Bills will pay off.

[davidwayneosedach]

01:47 PM on 12/03/2009

Dubai will be back on track as soon as the global recovery begins. It will be able to suffer a couple of off years. No skiing for awhile.

[mrspiffy]

11:14 AM on 12/03/2009

You go..Dr. Doom!

http://yieldpig.blogspot.com/