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Home>Dubai: A Mirage of Wealth?

Dubai: A Mirage of Wealth?

Perspectives Content Submission

Tue, 1 Mar 2011

Of the myriad statistics that demonstrate just how badly the global financial markets had lost their minds in the late 2000s, this one, to me, is the most mind-boggling. In 2007, you could buy credit default protection on Dubai for four basis points. (crickets chirping) OK, let me break this down a
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