Countdown! :D German MSM Die Welt : The Dubai crash could be a harbinger of evil. The stock market is crashing almost double digits on Tuesday. The Gulf state was a harbinger of the financial crisis back in 2008, which still dazzles the world. And there is yet another frightening parallel. An alarm indicator of the financial system goes red. On Tuesday, the stock market in Dubai witnessed a tangible crash. The General stock index DFM broke the top by almost nine percent. It was the biggest fall since the year 2008. The Dubai crash can be seen as a warning sign for the global markets. In 2008, the Gulf state was a harbinger of the financial crisis. Long before Greece had to apply for financial aid, Dubai slid into national bankruptcy. Should the story repea now, then we could see turbulent weeks at the global exchanges. Once more, the real estate market triggered the sell-off. The Bauholding Arabtec faces economic difficulties. The share price of the heavyweight has more than halved within three days..... (Note: Article in German, please use your Google Translator.. ) welt.de/finanzen/geldanlage/article129432351/Der-Dubai-Crash-koennte-ein-boeser-Vorbote-sein.html
Posted on: Tue, 24 Jun 2014 22:29:50 +0000
Trending Topics
Recently Viewed Topics
© 2015