18.12.2009 - The $64 bln question: Where are Dubai's real debts?
From Thedailymaverick.co.za: There are lots of unanswered questions when it comes to the elastic band that is Dubaiís debt trap. Is it frayed? Will it spring back to a healthy shape, or burst apart to the edges of the financial universe? Nobody really knows. It now looks as if the ragged teeth of unfinished skyscrapers that litter Dubaiís skyline portend a deeper truth. The emirateís once-sparkling smile is now a grimace, and unless the winds of fortune change quickly, and Dubai changes with them, the punch-drunk visage might become a permanent feature......................................Full Article: Source
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