Monday, November 30, 2009

Dubai Woes Give China Chance to Buy Oil, Gold: Report - ABC News

Dubai Woes Give China Chance to Buy Oil, Gold: Report - ABC News

Due to Reuters strict copyright I cannot publish the content of this article. It is worth the read however for two reasons.
1) Dubai was the pearl of globalism to people like T. Friedman. Its collapse is the measurement of how successful our current world integration has been.
2) This is an excellent back door for China to acquire critical commodities with its 2T reserve dollars with the least market impact.


Bookmark and Share

No comments:

Post a Comment