here will be also be “recognition that for the first time in decades, there are sovereign risks among developed Western countries,” said Nouriel Roubini.
SHOOT: In other words, entire countries are now at risk going bankrupt. This is a precursor to global bankruptcy.
“Dubai was particularly flaky in the sense that it seemed to be trying to make something out of nothing,” said Ila Patniak.
SHOOT: Making something out of nothing. Isn't that a good description of credit, of world property markets and the whole project known as suburbia?