Tradefair & Financials
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how will it affect our markets? Any up to date intelligent posters around? ;)
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it's the reason the LSE was suspended by the way
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What is the connection? The market was hardly in freefall from what I could see?
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Future still trading OK and slightly above the price it was when LSE stopped.
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I realise all this but i've been told the technical glitch was just an excuse for the suspension the real reason being the Dubai situation. Can't see it myself but just posted in case anyone more informed had any information
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similar in size to argentina default. markets are a little worried.
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LSE issue isn't related to Dubai. 95% certain of that
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us/uk to follow within 3 month imo.
this gold business is a big deal and changes things. the chinese are not happy that we've been shipping them tungsten, but we;'ve turned round and said we do have the real gold and we will get it to you. obv we won't, and china and rest of wolrd will be cutting the usa and uk off imminently. re dubai - i said this would happen earlier this year, somewhere:) |
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the financial markets are closed in Dubai for a holiday today hence the announcement
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Surely if the two were connected the Future would be diving, I realise the dip this morning was because of the Dubai situation but if the suspension were in any way connected it would have fallen further no?
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I'd have thought so myself jabten so perhaps it is just a timely coincidence.
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LSE shares are lower, on reports Dubai Borse may unload its LSE share stake.
The FTSE issue is a technical computer one, which has happened before. |
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Still
The Dubai situation has been discussed on her before. It is a property pyramid scam going horribly wrong. Investors are walking away from properties when instalments are due, because they can not get finance, or the value of the properties are lower than agreed sale price. How exposed to Dubai are the banks in the UK? Dubai is a disaster waiting to happen... I believe they have already been bailed out another UAE state in the past.. |
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rumour is 40bn exposure across europe.
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so it really was literally all built on sand, then?
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quite likely imported sand, the best money can buy!
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Yet another bubble that our supremely talented bankers are over-exposed to.
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Credit Card rates to be 80%+ soon then.
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Chisel? Is that you?
What you just said makes sense. Are you feeling ok? |
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Credit cards?
They are the cause of the next big banking collapse (or the collapse after the next... or the next...) There is currently a huge amount of money outstanding on CCards that the banks will never see again. |
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40 bn exposure is relatively small compared to the exposure on subprime, carloans, student loans and -of course- credit cards.
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To revisit previous territory.
These clever bankers didn't see something else coming. Last year was good for them, they will get decent bonuses and the money will leave the bank. It isn't now there to plug this hole. The money will have to be found from elsewhere, through higher borrowing costs or more capital raising, either privately or from governments. That's why the bankers are clever and why bonuses to clever bankers are as toxic as the debt! Why oh why is this being allowed to happen?! |
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Because corruption rules.
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UBS is saying the exposure could be higher than reported so far.
"Dubai... may owe more than the $80 billion to $90 billion in liabilities assumed by investors, UBS AG analysts said in a note. Perhaps Dubais debt includes sizeable off-balance sheet liabilities that imply a total debt burden well above the $80 billion to $90 billion markets have estimated so far, |
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if they're saying its 40bn, its likely more.
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The UAE dirham is pegged to the dollar at 3.6735 to 1. How does this potential default affect the currency?
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Dubainumbers are peanuts - big numbers will come from elsewhere in UAE in next year or so IMO.
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its everywhere - not just uae
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Soap
Th UAE has a soverign wealth fund with Assetts of 627 billion dollars, so UAE has teh resources to bail out Dubai again |
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But the UAE has chosed not to - that is the point.
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not yet it hasn't
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Isn't this another argument for tighter global egulatory procedures and fuller disclosure of all finance/banking type operations, onsheet and offsheet.
Here we have a major problem brewing and nobody, from us laymen to the serious professionals, has any idea really of how big the problem is or whom it affects ? And we won't know until it's too late for us to protect ourselves, if required. I bet GS knows exactly what is going on though. |
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ITS OK
the banks have all assured Gordon Brown that they do not have a lot of expsoure to Dubai we can sleep easy now |
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Ive a funny feeling the British taxpayer may well be footing some of this bill as well, we seem to pay for every fcucking thing else
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Cos we're a rich developed nation, that's why.
Lucky us. |
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Bail them out, Abu Dhabi, FFS. Get with the times! Pesky foreigners with your quaint, free-market ideals...
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FINE AS FROG HAIR 27 Nov 21:35
Cos we're a rich developed nation, that's why. Lucky us. ------ so youre moving to somalia? |
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kiwis look bad value now
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Dubia debt move 'carefully planned'
http://www.breitbart.com/article.php?id=CNG.15417e8f63a995484187728fd215d360.b71&show_article=1 |
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UAE WILL bail them out, defo
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