Our DR Global Editions: 
Monday, March 22nd, 2010
The S&P 500 hit a 14-month high overnight. The conventional wisdom is that two news events are responsible. This is probably wrong. But let’s look at both events anyway and see what happened.
The first is that Abu Dhabi extended a $10 billion in financing to debt-distressed Dubai. Hossanah! Remember, Dubai is not Lehman. It’s Bear Stearns.
December 15th, 2009 | Dan Denning | 5 comments | Continued
But first things first. Dubai World is not nearly large, leveraged, or systemically important as either Bear Stearns or Lehman Brothers when both those firms failed. For those reasons, it’s unlikely that the failure of Dubai World (and we’re not saying it will fail) would, by itself, cause a global deleveraging.
November 30th, 2009 | Dan Denning | 18 comments | Continued
Still, our friend Peter Cooper recalls a time in his own family history when Dubai was nothing but a backwater of the British Empire, a port full of smugglers, nomads and thieves.
October 14th, 2009 | Addison Wiggin | 6 comments | Continued
Qatar is a red-hot economy. Last year it grew around 18% and this year it ought to grow another 16%. We saw the headlines in the Gulf Times in the lounge while waiting for our transfer to Dubai.
October 8th, 2009 | Chris Mayer | 1 comment | Continued
| All Ordinaries | 4849.20 | ||
| S&p/asx 200 | 4831.30 | ||
| Sse Composite Ind | 3073.59 | ||
| Gold Mar 10 | 1107.40 | ||
| Crude Oil Apr 10 | 80.09 | ||
| Nikkei 225 | 10824.72 | ||
| DJIA | 10741.98 | ||
| S&P 500 | 1159.90 | ||
| Ftse 100 | 5650.13 |
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