Bleak Friday in Dubai, Lesson for USA

DUBAI/BUDGET DEFICIT

Dubai defaults on Debt payments—world markets stumble

The annual U.S. federal budget deficits as a percentage to Gross Domestic Product, has reached its highest point since the Second World War

U.S. Dollar falls to 14 month low against Japanese Yen Via Taipei Times

China #1 Creditor of U.S. Debts What lessons will the Democrat-Socialists in Congress learn from Dubai?

Related Posts: China’s 3 Leading Banks: No to holding Dubai World Bonds Via Xinhua News Agency

Dow dives more than 150 pts on Dubai Debt Crisis Via Daily Finance

If countries like Dubai began to fail, who will save them? Via Telegraph U.K.

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