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Mar 21st
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Home Opinion Syndicated The Unbound Economy

The Unbound Economy

The Limits of Dubai

The Limits of Dubai

Cambridge - Global investors are in a giant huff over Dubai's decision to allow its flagship private company Dubai World to seek a six-month standstill (implying at least partial default) on payments on some $26 billion in debt. What exactly did investors expect when they purchased bonds in companies with names like "Limitless World," one of Dubai World's bankrupt real-estate subsidiaries? Talk about a bubble mentality.

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The Great Contraction of 2008-2009

CAMBRIDGE - A popular view among economic forecasters and market bulls is that "the deeper the reces...

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The Confidence Game

CAMBRIDGE - Next month marks the one year anniversary of the collapse of the venerable American inve...

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The “New Normal” for Growth

Cambridge - Markets are bubbling over signs of "green shoots" in the global economy. An increasing n...
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Brave New Financial World

CAMBRIDGE - A huge struggle is brewing within the G-20 over the future of the global financial syste...

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