It’s all hedge funds’ fault – again
Dec 1st, 2009 | Filed under: Institutional Investing, Today's Post
Dust in the wind, sand through time, defunct Dubai, Dubailand gone bust: the anecdotes and analogies are endless (and beautifully illustrated in these poignant photographs taken by Lauren Greenfield as the real estate market was crumbling.)
Poor headlines aside, what has occurred once again in emerging markets, or at least in one Emirate in the emerging world, has set off what many worry could be yet another chain of unfortunate debt-defaulting events affecting banks, financial markets and everything in between. Does anyone remember Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay, or going back even farther, Turkey? More…
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