World Markets Tumble on Dubai Debt, Weak Dollar

Asian markets have followed Europe in a slide amid fears about Dubai's massive debt, which have also driven the U.S. dollar lower. South Korea's KOSPI lost 4.7 percent and Hong Kong's Hang Seng dropped 4.8 percent. (27 November 2009)

Category:

News & Politics

Tags:

• isl wor-mkts-20091127i
• markets
• tumble
• on
• dubai
• debt
• weak
• dollar

[gondorprimulat]

An $80 billion debt for a city that currently has trillions of dollars in assets.

Hmmmm....somehow I think Dubai will make it through. Come on people, this is just media hype!

[uturniaphobic]

the dollar is not a currency, it is a wall street slave, slanted in the direction that suits their needs. All who use this currency to buy and sell (self included) are slaves to its manipulators.

[WEREFEAT]

@tommurak Thanks for the tip, but I already know it's the Jews. Furthermore, they plan a world Marxist government via the UN, and the final headquarters will be Jerusalem. They've written it out in plain sight.

[tommurak]

@WEREFEAT , you need to open your eyes and look at the Federal Reserve and WHO is behind it

[catrashoo]

i know only one thing and one thing only ,,,what goes up sooner or later must come down n_n

[TemperatureVariation]

The world's economic situations so depressing. I guess greed is the cause of the worlds economic collapse.

[duffy8848229]

fuck you digitalcntrl

and I have no time with you

[gondorprimulat]

In the long run, yes i think they will. but perhaps this will wake up the leaders.

[M3diaCultur3]

you think Doha will go the same route?

[buytan11373]

the economy doesn't generate enough profit so how can they pay? they have a faulty system.

[gondorprimulat]

cant say no to that ....

[M3diaCultur3]

neighbor is willing to bail them out? Abu Dhabi right? again, oil money. that's all they really have.