Sunday, November 29, 2009
Another financial wheeze?
Is Dubai playing chicken?
Dubai made a cryptic announcement about delaying payment on a bond and then went quiet (it's Eid, a two-week local hol). Meanwhile it's Thanksgiving in the US, a low-liquidity time in markets. Is Sheikh Mo trying to spook those markets and push down the prices of Dubai's bonds so that he can buy them back at arm's length?
Posted by icarus @ 06:50 PM (1027 views)
2 thoughts on “Another financial wheeze?”
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icarus says:
Sorry, it’s at http://haruspicy-finance.blogspot.com/2009/11/is-dubai-playing-chicken.html
icarus says:
This would have to be an endgame ploy, since Dubai would no longer be able to access international bond markets again if it pulled a fast one like this. Maybe Dubai will be absorbed into Abu Dhabi.